All articles tagged with #bnb
Originally Published 5 months ago — by AMBCrypto
BNB Coin hit a new all-time high of $850, with analysts suggesting it could reach $1,000 or even $2,000 in the coming months, driven by strong market momentum and historical patterns, though risks and market conditions should be considered.
Originally Published 6 months ago — by AMBCrypto
BNB's recent $1 billion token burn and record DEX volume have positively influenced its price, which has doubled since early 2024, reaching $692. While supply reduction plays a role, increased on-chain demand, especially from DEX trading, appears to be a significant factor. Key resistance and target levels to watch are $700 and $800, with short-term caution advised by options market data.
Originally Published 1 year ago — by CoinDesk
Bitcoin hit a two-week high above $71,000 before paring gains, while several altcoins like Uniswap (UNI), Starknet (STRK), and BNB saw significant price increases. Uniswap surged over 20% following a cryptic social media post, Starknet rallied over 10% due to its vision to scale Bitcoin, and BNB advanced 7% due to increased Binance activities. The broader crypto market showed positive trends, with the CoinDesk 20 Index up 1.8%. Bitcoin miners also saw substantial gains, led by Core Scientific's 40% surge after a deal with CoreWeave.
Originally Published 1 year ago — by AMBCrypto News
Binance Coin (BNB) is currently trading within a descending triangle, with its price at $593.11 after a recent 3% dip. Key momentum indicators show a balance between buyers and sellers, suggesting market consolidation. However, bullish signals such as the Chaikin Money Flow and Parabolic SAR indicate potential for a short-term price surge if buying pressure increases.
Originally Published 1 year ago — by AMBCrypto News
Binance Coin (BNB) has seen a significant increase in derivatives market volume, with predictions suggesting it could surpass $600 and potentially reach a new all-time high of $694. The coin's current price of $610 has helped it retain the number 4 spot, and analysis indicates that it may be ready to surpass its previous all-time high of $686.31. Factors such as liquidation levels and the Relative Strength Index (RSI) point to a potential bullish momentum, with the possibility of reaching $775 in a highly bullish scenario.
Originally Published 1 year ago — by CoinDesk
Bitcoin's drop below $63,000 led to a marketwide correction, with Ether, Solana's SOL, BNB Chain's BNB, and Cardano's ADA all slumping more than 9%. The overall market capitalization dropped 8% in the past 24 hours, following large outflows from the Grayscale bitcoin ETF and lower-than-usual inflows on other ETF products. On-chain analysis firm CryptoQuant reported that short-term holders of Bitcoin took profits in the past week, contributing to the selling pressure. Additionally, the meme coin sector saw losses of over 17% on average, with the broad-based CoinDesk 20 index of major tokens minus stablecoins slumping nearly 10%.
Originally Published 2 years ago — by BeInCrypto
January 2024 crypto predictions suggest potential gains for Chainlink (LINK), with a possible 75% increase if it breaks out of its current channel, while BNB could surpass $400 if it overcomes resistance at $345. Ethereum layer-2 solutions like Arbitrum (ARB) and Polygon (MATIC) are also expected to see significant price increases, with ARB potentially growing by 45% and MATIC by 50% if they maintain their bullish momentum. However, these predictions could be invalidated if the assets fall below key support levels, leading to potential declines of around 30%.
Originally Published 2 years ago — by CoinDesk
Bitcoin and BNB have recovered some of their losses following Binance CEO Changpeng Zhao's guilty plea and the exchange's $4.3 billion settlement for violating sanctions and money-transmitting laws. The plea and settlement are seen as potentially increasing the chances of a spot-based bitcoin exchange-traded fund (ETF) being approved in the U.S. However, both currencies are still down on a 24-hour basis. The settlement has also resulted in significant liquidations of long positions in bitcoin and BNB, causing price volatility. Despite this, some traders believe that the industry's increased compliance may strengthen the case for institutional adoption of Bitcoin.
Originally Published 2 years ago — by Forbes
Leaked internal documents from Microsoft reveal plans to add crypto wallet support to its next Xbox, potentially opening up the market for Bitcoin, Ethereum, XRP, and BNB to billions of users. The leak, blamed on documents related to the Federal Trade Commission's lawsuit against Microsoft's bid for Activision Blizzard, showed an Xbox roadmap for 2022 that includes support for crypto wallets. While rumors of major tech companies embracing cryptocurrencies have circulated for years, Silicon Valley companies have been cautious due to regulatory concerns. The news of Microsoft's potential crypto integration comes as the crypto market braces for a significant Wall Street event and the upcoming Bitcoin halving.
Originally Published 2 years ago — by CoinDesk
Binance CEO, Changpeng Zhao, has denied rumors that the exchange has been selling bitcoin to keep the prices of BNB coin from falling. The rumors were fueled by tweets from popular traders pointing to short-term price correlations between a sell-off in bitcoin and a purchase of BNB. BNB prices are up 6.6% in the past 24 hours while bitcoin has seen nominal declines.
Originally Published 2 years ago — by Cointelegraph
Binance CEO Changpeng Zhao has denied accusations that the exchange has been secretly selling Bitcoin to artificially stabilize the price of its BNB token. Several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have accused Binance of intentionally manipulating the market to inflate the value of BNB. Klippsten also alleged that Binance was engaging in "wash trading" to pretend there's support for BNB. The US Securities and Exchange Commission sued Binance.US on June 5 for allegedly breaking securities laws and engaging in wash trading.
Originally Published 2 years ago — by Decrypt
Binance has suspended trading for over a dozen pairs involving its native BNB token, the defunct BUSD stablecoin, and five involving Ethereum. The announcement comes after Binance US eliminated over 40 crypto trading pairs last week and said its banking service providers would be pausing fiat currency withdrawals starting June 13. The changes are not explicitly linked to the SEC's lawsuit against Binance, which accuses the company of violating securities laws.
Originally Published 2 years ago — by CoinDesk
Binance's BNB token led the sell-off in the altcoin market, dropping 8% to a 6-month low as the SEC's lawsuits against Binance and Coinbase weighed on the market. BTC remained flat while Cardano's ADA, Polygon's MATIC, and Solana's SOL all nosedived between 6% and 8%. The SEC's inclusion of 13 altcoins in its filings potentially restricts U.S. investors' trading offerings. Surging bond yields globally also weighed on digital asset markets as central banks signal further liquidity tightening.
Originally Published 2 years ago — by Forbes
US lawmakers have introduced a 162-page draft bill proposing a "functional framework" aimed at providing regulatory clarity for bitcoin and crypto companies in the country. The bill proposes cryptocurrencies offered as part of an investment contract would fall under SEC oversight, while those that qualify as commodities would be overseen by the Commodity Futures Trading Commission (CFTC). Whether cryptocurrencies such as bitcoin, ethereum, Binance's BNB or Ripple's XRP are defined as securities or commodities would depend on how decentralized their underlying blockchain is, decided by an SEC ruling.
Originally Published 2 years ago — by Cointelegraph
The debt ceiling negotiations in the United States are keeping traders on the edge. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin (BTC) could be the third-most preferred asset class behind gold and U.S. Treasurys should the U.S. government fail to prevent a debt default. Billionaire fund manager Paul Tudor Jones told CNBC that he is holding his Bitcoin and will always have some portion of his portfolio in it. The article provides technical analysis for the S&P 500 Index (SPX), U.S. Dollar Index (DXY), Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), XRP, Cardano (ADA), Dogecoin (DOGE), Solana (SOL), and Polygon (MATIC).