The cryptocurrency market plummeted after US President Donald Trump threatened to raise tariffs on China to 100% on Friday.
While Bitcoin and the majority of altcoins turned red, many altcoins, especially among the top 100 altcoins, lost more than 40% of their value in the last hour, attracting attention.
As the cryptocurrency world tries to leave the great crash that occurred on Friday behind, Bitcoin (BTC) and altcoins have begun to recover.
While Bitcoin surpassed $115,000 and Ethereum surpassed $4,100, Binance Coin (BNB), which stood out with its strong performance during the recent decline, made a name for itself again.
BNB is on the rise again!
BNB, which broke records in succession in the past weeks and reached a new ATH by exceeding $1,300, has now surpassed $1,300 again.
Trading at $1,330, BNB has also surpassed Tether (USDT), the largest stablecoin, in terms of market capitalization.
BNB is currently the third largest cryptocurrency in the market, just behind Bitcoin and Ethereum, with a value of $185 billion.
USDT became the fourth largest cryptocurrency with a market capitalization of $179 billion.
While many altcoins are still struggling to reach their pre-drop levels, BNB has surpassed those levels with a 15.7% surge in the last 24 hours.
Why Is BNB So Strong? CZ Explained!
While BNB attracts attention with its strong stance and unstoppable rise, Binance founder CZ made a new post about BNB.
CZ stated that people often ask him, “Why is BNB so strong?”
At this point, CZ said that BNB’s success is due to the Binance team standing behind BNB and its users.
“Some people ask why BNB is so strong?
While others tried to ignore, hide, shift blame, or attack competitors, key players in the BNBChain ecosystem (Binance, Venus, and more) put hundreds of millions of dollars out of their own pockets to PROTECT USERS.
Some people ask why is #BNB so strong?
While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS.
Different value systems.
— CZ
*This is not investment advice.
Continue Reading: As Bitcoin and Altcoins Try to Recover from Historic Crash, BNB Rises Again! – CZ Reveals the Source of BNB’s Success!
