yolowire.com – BinanceCoin (CRYPTO: BNB), the digital token issued by the world's largest cryptocurrency change, has reached a brand new all-time excessive.
The cryptocurrency rose to $716, surpassing its document excessive of $686 that it held for 3 years. up 12.5% ββwithin the final 24 hours.
Binance Coin's market capitalization now exceeds $100 billion, making it the fourth largest cryptocurrency.
The brand new all-time excessive comes as Binance founder and former CEO Changpeng Zhao begins a four-month jail sentence in California for violating the US Financial institution Secrecy Act (BSA).
CZ, as Changpeng Zhao is often recognized, pleaded responsible in April to expenses of cash laundering and working an unlawful forex change within the US.
Binance Coin's rise additionally comes because the broader crypto market slows down in late March and all through April.
The worth of (CRYPTO: BTC), the biggest cryptocurrency by market cap, is again above $71,000 after falling beneath $60,000 in April.
Some analysts say they now count on the worth of Bitcoin to retest new all-time highs within the coming weeks.
Binance is privately owned. Its shares will not be traded on a public change.
This content material was initially revealed by Yolowire.com
