BNB Leads the Charge as Bitcoin Stalls Around $84k

TL;DR

• BNB is up 3% in the last 24 hours, outperforming the other major cryptocurrencies.

• Bitcoin continues to trade around $84k after losing 1% of its value on Sunday.

BNB Surges 3% as Other Major Altcoins Underperform

The cryptocurrency market was stale over the weekend, with mixed performances. Bitcoin, the leading cryptocurrency by market cap, continued to trade around the $84k mark. At press time, BTC is trading at $83,742, down less than 1% in the last 24 hours.

However, Binance’s BNB token is the best performer among the top 10 cryptocurrencies by market cap. BNB is currently trading at $628.54, up more than 3% in the last 24 hours. There is no catalyst behind BNB’s positive performance as the token rallied last week after Binance received a $2 billion investment from Abu Dhabi-based investment firm GMX.

Other major cryptocurrencies are currently in the red. Ether, the second-largest cryptocurrency by market cap, is trading at $1,909, down 1% while XRP and Dogecoin also lost 1% of their values in the last 24 hours.

Solana (SOL), Cardano (ADA), and Tron (TRX) are all down 3% or more. Thanks to the bearish performance, the total cryptocurrency market cap has dropped to $2.73 trillion.