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BNB Smashes Through $700 Level as Bitcoin Stalls

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BNB is truly on a roll with yet another record high

The fourth-largest cryptocurrency is currently valued at $106 billion after spiking roughly 16% over the last week.

More than $4.4 million worth of Bitcoin short positions have been liquidated over the past 24 hours, according to CoinGlass data. BNB has substantially outperformed Bitcoin and other cryptocurrencies over the last week. The flagship cryptocurrency is currently struggling to decisively break above the $73,000 level. If Bitcoin does manage to achieve such a feat, it might have a shot at conquering the $100,000 level by the end of the year, according to Galaxy Digital CEO Mike Novogratz.

 

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BNB token breaks through $700, price sets new all-time highBitcoin has also risen 2.89% in the past day to break above the $71,000 mark, with most other altcoins also in green.
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