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A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.
Unlike many major cryptocurrencies, which witnessed more than a 75% loss in market value, the Binance coin has projected relatively fewer losses during the ongoing downtrend. By press time, the BNB price trades at $256.5, which is 62.89%, down from the all-time high of $690.93.
Binance Coin (BNB) has had a solid first week of the year. The question remains whether it can continue amid the persistent negative news regarding crypto exchanges.
Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company's acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax.
Binance, in an announcement on 4 January, stated that they would launch a new Initial Game Offering to announce a new NFT project. Some users would also be rewarded with NFT collections and rewards through this event.
Despite the cryptocurrency market's strong recovery and a recent spike in BNB purchases, one analyst is predicting that Binance Coin (BNB) will crash. Capo, a crypto trader with 697,100 Twitter followers, forecasts a drop of more than 80% in the value of BNB.
A widely followed crypto analyst who predicted the Bitcoin (BTC) crash in May 2022 says that Binance Coin (BNB) is on the verge of collapsing. Pseudonymous crypto trader Capo tells his 697,100 Twitter followers that the giant crypto exchange's native token BNB is likely to plummet by more than 80%.
Binance Coin (BNB) faced a strong FUD in mid-December that sent the price down from around $270 to a new low of $220. However, the bulls found solid support at $231.2 and were able to mount a successful recovery.
DogecoinCryptosat launches its second satellite into space on SpaceX's Transporter 6 mission on Jan.
Binance Coin (BNB) price is recovering, but the upside momentum is not enough to break the $250 resistance level.
Trader Joe's integration with Arbitrum and BNB Chain follows a trend of other decentralized finance (DeFi) protocols deploying on multiple chains. The post Trader Joe's DEX and NFT marketplace to expand to BNB Chain appeared first on The Block.
With a market capitalization of $211.04 billion and 25.79% dominance in the crypto market, Ethereum (ERC-20) tokens have been a major force behind the adoption and growth of the crypto industry. Due to its versatile and robust mechanism, as well as a vibrant Ethereum community, ERC-20 tokens gained popularity and saw quick adoption.
The Binance Coin (BNB) price broke out from a descending resistance line but has yet to reclaim a crucial horizontal resistance level. Whether it is successful in doing so could determine the direction of the future trend.
Following a breakout Wednesday, it could be a choppy crypto session. Following the FOMC meeting minutes the focus shifts to the US labor market.
Bitcoin and select altcoins are showing signs of starting a sustained recovery over the next few days.
Klever Exchange is delisting nine assets, including litecoin (LTC), chainlink (LINK), binance coin (BNB), and dogecoin (DOGE).
The day began with a bullish outlook as Bitcoin and other altcoins, including Ethereum, BNB, XRP, Cardano, and LINK, saw a bull run. This has caused a 1.27% increase in the global crypto market cap over the past 24 hours.
Popular crypto analyst Michaël van de Poppe is predicting rallies for Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Cosmos (ATOM) and SKALE (SKL). In a new YouTube strategy session, Van de Poppe tells his 163,000 subscribers that Chainlink is likely to rally after the decentralized oracle network first dips by as much as 20%.
Binance recently announced a new integration with Google and Apple Pay that would drastically improve the user experience across the globe. With this new integration, users would be able to make payments on Binance using Google and Apple Pay.
With a new year upon us, blockchain investors may have some optimism but it's important to be realistic with cryptos.
BMW has integrated a supplier of decentralized architecture as well as BNB Chain for the purpose of settling transactions. In order to further incentivise BMW Group consumers, the loyalty program will use a rewards system that is based on blockchain technology.
The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion
The DXY has turned bearish and that could prove to be a boon for SPX, cryptocurrency and Bitcoin.
It was a bullish start to 2023 for the crypto market. A lack of news may limit movement today.
