BNB (BNB), formerly known as Binance Coin, is extending its correction, trading below $870 at the time of writing on Thursday as risk sentiment across the crypto market deteriorated in response to the Federal Reserve’s (Fed) hawkish rate cut.
Ripple (XRP) is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.
Bitcoin (BTC) is showcasing strength, trading marginally below $93,000 at the time of writing on Wednesday. Altcoins, including Ethereum (BTC) and Ripple (XRP), are extending mild intraday gains, moving in tandem with Bitcoin and the larger cryptocurrency market.