
BNB price is at risk of further losses as multiple metrics point to Binance losing its market share in the crypto sector.
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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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Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar with the matter. Moreover, while a number of crypto assets have risen […]
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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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