Some people will say the cryptocurrency markets are all entering the overbought state. Others will say this uptrend was overdue and will become even more violent moving forward. As far as the Binance Con price is concerned, there is no uptrend visible as of right now. In fact, it is the only market in the top 10 to note any losses at this time.
Binance Coin Price Trend Remains Bearish
It is not uncommon for altcoins, tokens, and assets to struggle when Bitcoin remains very bullish for quite some time. Although some people still have high hopes for Binance Coin, the token simply cannot “hang” with the top markets at this time. It is losing value across the board, as the losses continue to pile up in very quick succession. A somewhat surprising trend, although this uptrend had to end sooner or later.
To be more specific, the Binance Coin price has dropped by 2.57% to $19.17. The more worrisome aspect is the 10% loss in BTC value and 11.3% loss over Ethereum. It is normal for altcoins to lose BTC value during this time, but…