Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs.
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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- Price Analysis
Bitcoin’s tight consolidation just below $120,000 suggests the bulls are holding on to their positions as they anticipate an uptick in volatility.
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Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher.
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CEA Industries shares are up nearly 550% as the vape company revealed plans to turn into a BNB treasury company backed by a firm tied to Binance co-founder Changpeng Zhao.
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Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
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Binance co-founder Changpeng “CZ” Zhao is now worth at least $75 billion after the BNB token hit a new all-time high of $850.70.
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Bitcoin is at risk of losing the $115,000 support, raising the chance that the recently started altcoin season could abruptly end.
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Bitcoin continues to face selling near $120,000, but the bulls have kept up the pressure, increasing the likelihood of an upside breakout.
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Bitcoin testing underlying support, and the potential start of an altcoin season have traders focusing on XLM, LTC, ETC and BNB.
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BNB Chain also teased that it’s working on infrastructure that will allow the network to support 20,000 transactions per second.
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Bitcoin holds above $120,000 as corporate crypto treasury building and robust spot BTC ETF buying continue to support the new price range.
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Binance founder Changpeng Zhao’s investment firm is backing the creation of a company that will buy and hold BNB with plans to go public in the US.
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Bitcoin failed to overcome resistance at $110,500, but charts suggest bulls will continue buying dips in BTC and altcoins.
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Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally.
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SkyBridge Capital’s Anthony Scaramucci has doubts crypto treasuries have legs in the long run, arguing investors will start buying crypto instead of investing in companies that hold it.
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