Binance Coin continues to surge after it saw a massive spike in its value over the past 24 hours. BNB currently stands at $27.08 with 14.20% increase in the last 24 hours, making it an all time high. Even though the exchange lost more than $41 million in bitcoin hack last week, the coin has still maintained its position as one of the top 10 cryptos in the world.
Binance, a Malta-based bitcoin and crypto exchange, is one of the most respected exchanges in the world. Just last week, the exchange was hacked and the perpetrators managed to steal more than 7,000 bitcoins from the company’s reserves. After the hack, it was expected that investors would likely dump their tokens onto the market, which it did initially. However, seeing the last 24-hour rally in price it can be predicted that the hack had no effect on the investor confidence. Over the previous 24 hours, the price of Binance coin has gone up almost 16% while altcoins like Ethereum and Litecoin have shown a growth of 7 and 5 percent respectively.#CryptoTradingBots #trading #crypto2023