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Here’s why Binance Coin is 33% down from its all-time high -Breaking

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(BNBThe 1,760% rise in price from $37 to $692 was enjoyed by () holders between January 2021 and May 2021. However, as it is usual with crypto, the surge was followed two weeks later by a correction of 69%.

From there, it’s been a bit of a rough patch to regain investors’ confidence and BNB failed to produce another all-time high in November even though the aggregate cryptocurrency market capitalization peaked at $3 trillion.

Binance Coin/USDT TradingView
BNB 8 hour margin futures funding rate. Source: Coinglass.com
USD. Binance Chain TVL Source: DefiLlama.com
Daily transactions on Binace Smart Chain Source: bscscan.com