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Monday, December 23, 2024
More
    bitcoin
    Bitcoin (BTC) $ 95,149.49
    ethereum
    Ethereum (ETH) $ 3,279.40
    tether
    Tether (USDT) $ 0.999567
    bnb
    BNB (BNB) $ 649.06
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.20
    binance-usd
    BUSD (BUSD) $ 0.974656
    dogecoin
    Dogecoin (DOGE) $ 0.312346
    cardano
    Cardano (ADA) $ 0.882382
    solana
    Solana (SOL) $ 180.05
    matic-network
    Polygon (MATIC) $ 0.47273
    polkadot
    Polkadot (DOT) $ 6.83
    tron
    TRON (TRX) $ 0.244033
    HomeFinanceHovering BNB futures open curiosity and regulatory points weigh on altcoin value
    Finance

    Hovering BNB futures open curiosity and regulatory points weigh on altcoin value

    Forex Crypto Zone
    By Forex Crypto Zone

    The worth of BNB has seen a decline of 24.5% over the previous 90 days, regardless of gaining 7% between July 10 and July 11. BNB (BNB) has carried out worse than the general altcoin market, indicating that the underlying reason behind the bearish momentum persists.

    It’s extremely possible that the BNB value correction might be attributed to trial filed by the USA Securities and Alternate Fee towards Binance and its CEO, Changpeng “CZ” Zhao, on June 5, because the decoupling coincides with this occasion.

    BNB/USDT (blue) versus altcoin market cap since April 2023. Supply: TradingView
    BNB/USDT (blue) versus altcoin market capitalization on the finish of 2022. Supply: TradingView
    BNB futures combination open curiosity in USD. Supply: CoinGlass
    BNB/USDT value at Binance on the finish of 2022. Supply: TradingView
    Annualized 3-month BNB futures premium. Supply: Laevitas
    BNB/USDT value on Binance. Supply: Buying and selling View

    Proceed studying on Coin Telegraph

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