An ongoing recovery from U.S. macroeconomic policy updates could spell more sustained progress for BTC price into the holiday weekend.
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An ongoing recovery from U.S. macroeconomic policy updates could spell more sustained progress for BTC price into the holiday weekend.
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BNB’s price has rebounded more than 10% from its six-month low of $220 as short traders were squeezed alongside rising open interest.
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Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels.
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Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer.
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A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February.
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BNB has entered the breakdown stage of its prevailing ascending triangle pattern alongside some negative fundamentals that can push price further down.
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Downside risks for BNB also come from a recent Reuter exposé that claims Binance laundered “at least $2.35 billion in illicit funds.”
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BNB price gets a boost as Binance launches a $1 billion blockchain fund.
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BNB price rallied by more than 20% in the last 24 hours due to several key reasons.
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