VOT Research Desk
BNB price will experience a cascade of effects, including increased trading activity, new accounts being opened, and price movement as bids soar.
Bulls have devoured the 55-day Simple Moving Average at $284.70, and the 200-day SMA is now at $289.50.
Once that obstacle has been overcome, $300 can be won. Treasury Secretary Yellen previously spoke out in favour of stronger rules and a full inquiry into what transpired with FTX and Binance over the weekend.
With servers, computers, and high-level staff being detained to get a clear picture of what happened last week, a breach by the FBI into Binance’s headquarters is still very likely.
With servers, computers, and high-level workers being detained to get a full picture of what transpired last week, a breach by the FBI into Binance’s headquarters is still highly likely.
As traders rebuild and support Binance as a brand, anticipate the possibility of a rise. The price of Binance (BNB) increased after more declines over the weekend as FTX was driven into bankruptcy.
It became evident as additional financial information surfaced that FTX’s total assets could not cover its enormous liabilities to third-party dealers. When everything is said and done, traders can only commend Binance Coin for its thorough due care in reviewing FTX’s financial records before to initiating a takeover.
