$BNB keeps outperforming $BTC during the ongoing bear market
, Binance CEO Changpeng Zhao claims that he checks the price of the token only when someone messages him in a week or so.
At the peak of 2021 bull run, which occurred in early November, the market cap of the cryptocurrency peaked at more than $101 billion. According to CoinGecko data, the BNB token is currently down 55.60% from its record high. Notably, Binance’s native token has managed to outperform both Bitcoin and Ethereum during the ongoing bear market. The two cryptocurrencies are down 66.48% and -66.03%, respectively, from their record highs at the time of writing this article., the U.S. Securities and Exchange Commission allegedly launched an investigation in order to determine whether the token is actually an unregistered security.
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