Major Cryptos Turn Red While Binance Coin Breaks Into Top Ten

Investing, News | February 6, 2019 By:

The crypto markets are down again, with bitcoin and all major altcoins back on the red territory.

The price of bitcoin fell more than 1 percent over the past 24 hours. In early trading, bitcoin is at $3,414, which is around $50 lower than yesterday.

Binance Coin, which has been enjoying a decent upside rally for the past few days, has surged into the top ten, surpassing Bitcoin SV, which is the biggest loser on the day, down 6.74% at $58. Binance Coin has gained more than 16 percent in value over the past 24 hours, bringing its price to $8.29.

The price increase is being driven by developments and updates from Binance CEO Zhao Changpeng, including the Binance Launchpad, a token sale platform for the most transformative crypto projects.