Why Binance Coin Recovered Today After an Awful Weekend

Like most cryptocurrencies in late trading Monday, Binance Coin (CRYPTO: BNB) was on the rise, with a nearly 6% gain. Generally speaking, investors were piling into a range of top cryptos after a blend of negative developments and pronouncements drove down their prices across the weekend.

Binance Coin advanced more than most today because it also had some encouraging news of its own to report.

There are a vast number of bullish investors in the crypto space these days, and many are waiting on slumps to pounce on target assets. That seemed to be the broad dynamic on Monday, and Binance Coin -- the native cryptocurrency of Binance, which happens to be the largest crypto exchange by volume -- benefited accordingly.

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Source Fool.com