Binance Coin forms golden cross amid SEC settlement hopes

Binance Coin forms golden cross amid SEC settlement hopes
фото показано с : invezz.com

2023-2-18 09:28

Binance Coin (BNB/USD) price formed a golden cross pattern after the latest news of a settlement with American regulators. BNB rose to a high of $328, which was much higher than this week’s low of $284. It has risen by more than 45% from the lowest point this year.

Binance to settle with the SEC

Binance has made two major headlines this week. The most important news was that New York regulators ordered Paxos to stop minting new BUSD stablecoins. This was important since BUSD is mostly used in Binance DeFi and NFT ecosystems.

According to media reports, the regulators made the order in response to a complaint by Circle, the creator of USD Coin. Paxos has vowed to fight the ban in court. Therefore, BNB price dropped as the volume of withdrawals from Binance increased. Data compiled by DeFi Llama shows that Binance has had over $380 million in outflows in the past 7 days.

The BNB Chain was also overtaken by Tron to become the third-biggest player in the DeFi industry. In BNB terms, the total value locked (TVL) in the ecosystem has plunged to 15.6 billion, which is close to its lowest point in March 2021.

The other important Binance news is that the company is nearing a settlement with the Securities and Exchange Commission (SEC). The SEC has been facing numerous investigations in the US. According to the WSJ, the firm’s chief strategy officer said that he expects to reach a settlement soon. 

The SEC accused Binance of offering crypto products to Americans without following the law. It has also been accused of lax anti-money laundering (AML) violations. Therefore, the BNB price rose because a settlement is a better alternative to a lengthy litigation.

The news of the settlement pushed crypto prices significantly higher on Thursday. Bitcoin price neared the resistance point of $25,000 while the total market cap of coins jumped to over $1.1 trillion.

Binance Coin price prediction Binance Coin price chart

The BNB coin price suddenly woke up after the important news on Binance. As it rose, it moved above the key resistance point at $317, the highest point on November 27. It has also formed a golden cross pattern, which is usually a bullish sign. The coin is now approaching the important resistance point at $335 (Feb 6 and August 10 high).

Therefore, there is a possibility that the Binance Coin price will continue soaring as buyers target the key resistance point of $350.

The post Binance Coin forms golden cross amid SEC settlement hopes appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

The Universal Settlement Coin (TUSC) на Currencies.ru

$ 0.0001183 (+0.00%)
Объем 24H $9.947k
Изменеия 24h: 53.36 %, 7d: -27.21 %
Cегодня L: $0.0001182 - H: $0.0001183
Капитализация $0 Rank 2994
Доступно / Всего 0 TUSC

binance coin cross golden bnb settlement 328

binance coin → Результатов: 126


Фото:

Binance Coin за сутки вырос более чем на 8%

Цифровая валюта Binance Coin (BNB) за последние 24 часа выросла на 8,5%. Инвесторы стали возвращаться в этот актив после улучшения позиций крупнейшей криптовалютной биржи Binance. Она начала согласовывать режим регулирования своей деятельности в нескольких юрисдикциях.

2023-11-21 15:01


Binance Coin упал до минимума с июня 2022 года

Binance Coin (BNB) теряет в стоимости на протяжении последних нескольких месяцев. Судебные иски против биржи Binance и ее основателя Чанпэна Чжао сильно подорвали привлекательность цифровой валюты.

2023-8-23 00:08


Binance Coin подешевел за неделю более чем на 25%

За минувшие сутки Binance Coin (BNB) укрепился примерно на 8% до $248. Тем не менее с 5 про 12 июня стоимость криптовалюты упала более чем на 25%. Основной причиной такого обвала стал судебный процесс против Binance Holding Ltd, запущенный Комиссией по ценным бумагам и биржам (SEC).

2023-6-17 12:11


Binance Coin подешевел за неделю более чем на 25%

За минувшие сутки Binance Coin (BNB) укрепился примерно на 8% до $248. Тем не менее с 5 про 12 июня стоимость криптовалюты упала более чем на 25%. Основной причиной такого обвала стал судебный процесс против Binance Holding Ltd, запущенный Комиссией по ценным бумагам и биржам (SEC).

2023-6-14 16:17


Технические индикаторы указывают на скорый рост Binance Coin

Курс Binance Coin (BNB) игнорирует судебный иск CFTC против криптобиржи Binance и пытается нащупать поддержку, чтобы запустить мощное ралли. Binance решили засудить 27 марта стало известно, что крупнейшая в мире криптовалютная биржа Binance Holdings Ltd.

2023-3-31 18:56