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Binance Coin (BNB) has recently faced significant price fluctuations, prompting concerns among investors about its short-term prospects. After reaching an all-time high of $720.67 in the previous month, BNB experienced a sharp decline of 10.11% between July 4th and 5th, 2024.
BNB testing $500 could be the key going forward for the altcoin.
The cryptocurrency landscape is experiencing a shift. As Bitcoin shows a downturn, currently staying above $56,000, investors are focusing on alternatives.
The strong bounce in Bitcoin and select altcoins shows solid demand at lower levels, suggesting traders are buying the current dip.
Binance announces a seven-year anniversary celebration with $7,000 in BNB rewards, digital badges, and exclusive merchandise through various community giveaways.
Binance Coin (BNB) has recently garnered attention due to a notable spike in its Funding Rate, a crucial metric indicating sentiment in the derivatives market. The Funding Rate for BNB surged to 0.013%, marking a significant increase from previous levels and suggesting a potential bullish trajectory for the digital asset.
TL;DR Market Downturn: The cryptocurrency market has seen a significant drop, with Bitcoin (BTC) falling to a low of $53,485 and altcoins like Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) experiencing substantial losses. The total market cap has decreased by nearly $250 billion. Investor Panic: Fear has gripped the market due to Mt.
Binance Coin (BNB) has recently faced a notable decline in its market value, reversing gains observed just days ago. Today, BNB plummeted to an intra-day low of $552, marking a 3.75% drop within a 24-hour period from its recent high of $590 on July 1.
BNB has recently fallen below the critical $500 support mark, signaling the continuation of a bearish trend. This decline reflects increased selling pressure and growing bearish sentiment within the cryptocurrency market.
BNB Chain revealed the winners of its 2024 Q2 Hackathon, spotlighting top projects like Context Pilot and Kiwi Pad Bot.
BNB price started a major decline and dived below the $500 support. The price is now gaining bearish momentum and might even test $420.
In a significant development for BNB Chain users, Binance has announced that it will temporarily suspend withdrawals on the BNB Beacon Chain to facilitate wallet maintenance and network upgrades/hard forks.
The latest trading day saw substantial losses for traders, with 59,370 accounts facing liquidations, amounting to a total loss of $170.64 million. Ethereum, Solana, and Binance Coin were among the hardest hit, each experiencing considerable market corrections.
Bitcoin (BTC) has seen a sharp drop during the week, with selling pressure continuing to mount. The cryptocurrency is struggling to trade above $60,000 and is down by over 2% during the ongoing session.
Binance announces support for the BNB Beacon Chain (BEP2) network upgrade and hard fork, including maintenance schedules and impact on deposits and withdrawals.
Investors anticipate a major rebound in Ethereum price with the spot ETF approval imminent. Despite the recent correction to $3,300 this week, cryptocurrencies to buy show potential to rally in the coming months.
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote.
Invest in these hot cryptos now for potential gains as the market is set to rebound and global adoption increases.
Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end?
The prices of the coins keep going down, according to CoinMarketCap.
Binance Coin price prediction: BNB, a popular exchange token, has experienced significant volatility over the past 24-hour period, following a bearish trend. The token trades in a descending triangle pattern, which indicates potential further losses if support levels are breached.
BNB Smart Chain (BSC) introduces significant changes to its Maximal Extractable Value (MEV) strategy to enhance network efficiency, security, and user experience.
The Funding Rate reflects sentiment in the derivatives market. Oftentimes, it gives hints about shifting market moves, with Binance Coin (BNB) becoming the latest cryptocurrency to experience a spike.
Bitcoin (BTC) is back in the red during the current session after failing to break past the $64,000 mark on Tuesday.
