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The Binance Coin price dropped 3% in the last 24 hours to trade at $608.06 as of 02:35 a.m. EST on trading volume that rose 13% to $2 billion. This retracement in the BNB price comes after Changpeng Zhao, the former Binance CEO, publicly criticized the exchange’s listing process after a test token from one of the platform’s tutorial videos ended up being listed on Binance. Last lastly, as an observer, I think the Binance listing process is a bit broken. They announce, then list 4 hours later. The notice period is necessary, but in those 4 hours, the token prices go high on DEXes, and then people sell on CEX… Not sure if there is a solution for… — CZ 🔶 BNB (@cz_binance) February 9, 2025 The incident is a testament to the ongoing chaotic nature of the meme coin frenzy, where tokens are being created out of thin air and gain traction within hours. Binance Coin Price Can Still Recover The BNB price has experienced a notable decline after fai...

The Binance Coin price prediction shows that BNB is likely to stay above the moving averages as eyes are currently glued on $600. Binance Coin Prediction Statistics Data: Binance Coin price now – $599.6 Binance Coin market cap – $86.7 billion Binance Coin circulating supply – 145.9 billion Binance Coin total supply – 145.9 billion Binance Coin Coinmarketcap ranking – #4 Investing early in cryptocurrencies can lead to significant rewards, and Binance Coin is a prime example of this potential. Currently, its price fluctuates between $587.20 and $600.89, with an all-time high of $720.67 reached on June 6, 2024, reflecting a 17.51% decline since then. Notably, it began its journey at an all-time low of $0.09611 on August 1, 2017, showcasing an incredible rise of +618,456.09%. This remarkable performance makes Binance Coin a token worth watching for both new and seasoned investors in the dynamic crypto landscape. BNB/USD Market Key Levels: Resistance...

Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions? A trending move in an asset class attracts traders, while a dull price action drives investors to the sidelines. Bitcoin (BTC) has largely been stuck in a range for the past several months, which could be one of the reasons for the drop in spot volumes. Bloomberg reported on Oct. 11 that Coinbase’s spot trading volume plunged 52% in Q3 2023 compared to Q3 2022. While the short-term remains uncertain, traders need to be watchful because long consolidations are generally followed by an explosive price action. The only problem is that it is difficult to predict the direction of breakout with certainty. Considering that the bulls have not allowed Bitcoin to dip back below $25,000 in the past few months, it increases the likelihood of an upside breakout. Daily cryptocurrency market performance. Source: Coin360 Investing legend Paul Tudor Jones said in a recent interview on...

Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale’s victory over the SEC. Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained, as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin (BTC) exchange-traded fund. Still, the victory may prove to be bullish for Grayscale. Glassnode analysts said in an X (formerly Twitter) post on Aug. 30 that the Grayscale Bitcoin Trust (GBTC) could return to a premium next year. It is important to note that GBTC has been trading at a discount to the spot Bitcoin price for the past two and a half years. Daily cryptocurrency market performance. Source: Coin360 In the short term, even though the S&P 500 Index is on a path of recovery and the U.S. Dollar Index has turn...