Coin

<ul class="news-points"> 
 <li><strong>BNB’s price decreased following withdrawal issues with Binance in Europe.</strong></li> 
 <li><strong>The 9-day EMA crossed below the 20-day EMA, indicating increasing downward pressure.</strong></li> 
 <li><strong>BNB’s next target could be around $205 if demand continues to wane.</strong></li> 
</ul> 
<p>Recent developments and market sentiment have created an atmosphere of uncertainty around <a href="https://coinedition.com/analyst-shares-why-it-is-important-for-bnb-to-stay-above-212/" rel="noopener noreferrer nofollow">Binance Coin (BNB)</a>, with distrust for the exchange Binance, being the likely reason. Lately, Binance has been subject to regulatory scrutiny. Furthermore, some of its abrupt decisions have left investors wondering if the exchange is still as solid as it claimed.&nbsp;</p> 
<p>One issue that prompted the broader market to question Binance’s transparency was its decision to <a href="https://coinedition.com/crypto-lawyer-demands-sec-audit-after-binance-suspends-eur-withdrawals/" rel="noopener noreferrer nofollow">limit withdrawals</a> in Europe. Binance, in a now-deleted post on X (formerly Twitter), disclosed that it had paused deposits and withdrawals in Europe.</p> 
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  <img decoding="async" width="478" height="453" src="https://coinedition.com/wp-content/uploads/2023/08/BNB.png" alt="" class="wp-image-330810" srcset="https://coinedition.com/wp-content/uploads/2023/08/BNB.png 478w, https://coinedition.com/wp-content/uploads/2023/08/BNB-300x284.png 300w, https://coinedition.com/wp-content/uploads/2023/08/BNB-185x175.png 185w, https://coinedition.com/wp-content/uploads/2023/08/BNB-380x360.png 380w, https://coinedition.com/wp-content/uploads/2023/08/BNB-414x392.png 414w, https://coinedition.com/wp-content/uploads/2023/08/BNB-74x70.png 74w, https://coinedition.com/wp-content/uploads/2023/08/BNB-94x89.png 94w, https://coinedition.com/wp-content/uploads/2023/08/BNB-151x143.png 151w, https://coinedition.com/wp-content/uploads/2023/08/BNB-470x445.png 470w, https://coinedition.com/wp-content/uploads/2023/08/BNB-261x247.png 261w, https://coinedition.com/wp-content/uploads/2023/08/BNB-253x240.png 253w, https://coinedition.com/wp-content/uploads/2023/08/BNB-174x165.png 174w, https://coinedition.com/wp-content/uploads/2023/08/BNB-223x211.png 223w, https://coinedition.com/wp-content/uploads/2023/08/BNB-195x185.png 195w, https://coinedition.com/wp-content/uploads/2023/08/BNB-85x81.png 85w, https://coinedition.com/wp-content/uploads/2023/08/BNB-79x75.png 79w" sizes="(max-width: 478px) 100vw, 478px"> 
 </figure> 
</div> 
<h2 class="wp-block-heading" id="h-no-demand-for-bnb-yet"><strong>No Demand for BNB Yet</strong></h2> 
<p>Explaining the reasons for its decision, the exchange said it was having issues with its payment provider. Although Binance has now said deposits and transactions were back on, BNB has been severely affected by the earlier communiqué.</p> 
<p>According to CoinMarketCap, BNB’s price was $209.98. The coin reached …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-regulatory-scrutiny-causes-bnb-to-drop-below-200/">Binance Regulatory Scrutiny Causes BNB to Drop Below $200</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Binance Regulatory Scrutiny Causes BNB to Drop Below $200

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