Binance Coin [BNB] spikes by 5% following CZ’s statement on Bitcoin SV [BSV]

The cryptocurrency market saw a decline in the prices of most major cryptocurrencies on April 14. However, Binance Coin [BNB], the seventh largest coin, managed to appreciate considerably in an otherwise red market. Binance Coin, which had been suffering the wrath of the bear earlier this week, saw a sharp rise in its price, with many enthusiasts associating the surge to CZ’s comment on Bitcoin SV and Craig Wright.

At press time, BNB noted a growth of 5.22% over the past day, while almost all other coins were painted vermillion. The coin was valued at $19.28, with a market cap of $2.72 billion. It noted a 24-hour trading volume of $180 million and noted a 0.76% hike over the past week following a minor recovery. However, the coin slipped by a minimal 0.02% over the past hour.

Source: CoinMarketCap

Source: CoinMarketCap

BNB has been observing a gradual rise in its price since April 12 after Binance CEO and founder CZ threatened to delist Bitcoin SV over the “Craig Wright is Satoshi” debate. The Binance community, along with many other prominent crypto-enthusiasts have been supporting CZ’s decision and have since been demanding the delisting of BSV. However, CZ has not revealed any timeline or condition related to his alleged threat.

BNB was highly traded on Binance’s exchange via the BNB/USDT pair and BNB/BTC pair. BNB/USDT pair took the first place as it noted a volume of $42 million. BNB/BTC, in the second place, managed to register a volume of $40 million. After the first two places, the trading volume of BNB dropped to $14 million, which was registered by LBank via the BNB/USDT pair.

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