BNB rises against Bitcoin: What does this mean for the crypto market?

Despite this, traders continued to hold a bearish stance against BTC.remained unaffected. According to recent data, the BNB and other L1s’ Month-to-date performance against BTC was relatively high.BNB outperformed BTC by 11.38% in the month of April. At press time, the token was trading at $587.72. Its price had grown by 18.10% after it tested the 512.9 level on the 18th of April.Despite the positive price movement, the token faced some challenges over the last month.

The CMF took a hit over the last few days, indicating that the money flowing into the token declined.

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