BNB price movement after Binance reveals $69B in crypto reserves

BNB price movement after Binance reveals $69B in crypto reserves
фото показано с : invezz.com

2022-11-12 14:51

Binance is the largest cryptocurrency exchange in terms of volume and even features its own native cryptocurrency known as BNB (BNB/USD).

BNB is utilized for the process of trading, for the payment of the trading fees on the exchange, and as a result of this, has seen a high level of utility.

Binance crypto reserves reveal as a catalyst for growth

We recently covered how the FTX Token (FTT/USD) dipped in value due to liquidity concerns surrounding the FTX exchange.

In the latest Binance news, as a result of those events, Binance pledged to reveal its crypto reserves and did so through an official announcement on November 10, 2022. They also backed out from the nonbinding FTX takeover.

The exchange noted that this report is just the starting point and that it is working towards creating a Merkle Tree POF that will be shared with the community within the next few weeks.

Binance holds 475K Bitcoin (BTC/USD), 4.8 million Ethereum (ETH/USD), 17.6 billion Tether (USDT/USD), 21.7 billion Binance USD (BUSD/USD), 601 million USD Coin (USDC/USD), and 58 million BNB. In total, the exchange holds $69 billion in its crypto reserves.

There were numerous other cryptocurrencies included in the list. However, these were the highlighted values.

Should you buy BNB (BNB)?

On November 11, 2022, the value of the BNB cryptocurrency was $295.5.

BNB/USD Chart by Tradingview.

The all-time high that BNB (BNB) reached occurred on May 10, 2021, when it reached $686.31 in value. Here we can see that at its ATH, the cryptocurrency was trading $390.81 higher in value, or 132% higher. 

In terms of the weekly performance, BNB (BNB) had its 7-day low point at $264.02, while its high point was at $383.94. Here we can see a difference from its low point to its high point by $119.92 or by 45%.

When we take a look at the 24-hour performance, the low point of BNB (BNB) was at $272.43, while the high point was at $311.02. This marked a difference of $38.59, or 14%, from its low point to its high point.

Investors might want to buy BNB as it can climb to $320 by the end of November 2022.

The post BNB price movement after Binance reveals $69B in crypto reserves appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 658.27 (+0.07%)
Объем 24H $1.095b
Изменеия 24h: -0.48 %, 7d: -8.31 %
Cегодня L: $652.14 - H: $668.43
Капитализация $94.796b Rank 5
Цена в час новости $ 280.6 (134.59%)

bnb exchange cryptocurrency trading binance payment usd

Источник: invezz.com

bnb exchange → Результатов: 126


Binance Chain welcomes a stablecoin and prepares to issue one of its own

Binance, the largest cryptocurrency exchange in the world, prepares to welcome the first stablecoin developed on the Binance Chain (BNB) blockchain while it has begun testing its own. Stablecoins on the Binance Chain In a blog post, Stably, a venture-capital backed startup, announced that it will be launching its StableUSD (USDS) token on the Binance protocol.

2019-6-3 19:08


Binance Coin [BNB] rises as Binance unveils new look for its margin trading service

Binance, one of the largest cryptocurrency exchanges in the world, continued to make progress in the market despite falling victim to a security breach a few days ago. Changpeng Zhao, the co-founder and CEO of Binance, revealed that the exchange’s order volumes were much higher than the volume during Bitcoin’s peak at the end of […] The post Binance Coin [BNB] rises as Binance unveils new look for its margin trading service appeared first on AMBCrypto.

2019-5-24 12:40


Binance CZ Announces BNB Giveaway After Bitcoin Heist, Money Laundering Nightmares Persist

The recent unprecedented Binance hack that led to over 7,000 bitcoins being stolen sent shockwaves across the cryptosphere and besmirched the crypto exchange’s almost impeccable security record. And now CEO… The post Binance CZ Announces BNB Giveaway After Bitcoin Heist, Money Laundering Nightmares Persist appeared first on CoinCentral.

2019-5-17 20:50


Did the $41M Bitcoin Theft Create a Buying Opportunity for Binance Coin (BNB)?

Binance Token (BNB) has taken a significant due to the Binance Bitcoin hack but is the recent pullback an opportunity for buyers? BNB Maybe a Steal as Binance Reels Since topping out at $25. 49 Binance Token (BNB) has pulled back by nearly 27% and the fallout from last week’s Tether – Bitfinex scandal along with Binance’s recent $41 million bitcoin theft are taking their toll on the exchange’s native token.

2019-5-11 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined.