Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term.
Binance Coin News

Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the ERC-20 standard, Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
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Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market.
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Recent BNB price trends show that the token is declining in the short term after regulatory crackdowns. However, this time, the correction may last longer.
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The crypto market corrected on news of the CFTC suing Binance and its CEO, Changpeng Zhao, but technical charts reveal a silver lining.
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The total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout.
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Bitcoin and altcoins could see profit-taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.
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Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.
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Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility.
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Bitcoin has risen above $25,000, and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.
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Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
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JOMO is that “I-was-right-about-the-market” joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses.
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The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.
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Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to native cryptocurrencies such as Bitcoin.
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The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.
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Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take.
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