Read

View

<p class="is-style-lead"><a href="https://crypto.news/price/bnb/">BNB</a>’s bull run has finally stopped after recording constant gains since early September. </p> 
<p>BNB declined by 9.2% in the past 24 hours and is trading at $236 at the time of writing. The asset’s 24-hour trading volume soared by 60%, reaching $2.55 billion. Data shows that BNB is still the fourth-largest cryptocurrency, with a $35.8 billion market cap.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="546" src="https://crypto.news/app/uploads/2023/11/BNB-price-Nov-22-1024x546.png" alt="BNB plummets 9.2% amidst wider crypto downturn after Binance charges - 27" class="wp-image-14218792">
 <figcaption class="wp-element-caption">
  BNB price – Nov. 22 | Source: Trading View
 </figcaption>
</figure> 
<p>The asset did, however, witness a small recovery in the past few hours — after declining to a local low of $225.</p> 
<p> You might also like: <a href="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/"> Binance CEO Changpeng Zhao steps down, pleads guilty </a> </p> 
<p>According to a post by Santiment, BNB’s social dominance skyrocketed after Binance CEO Changpeng Zhao <a href="https://crypto.news/wsj-changpeng-zhao-to-step-down-plead-guilty-as-part-of-binance-doj-settlement/">announced to leave the exchange</a> as part of a settlement with the U.S. DoJ.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">📉 <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BinanceCoin</a> has understandably been among the <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#altcoins</a> hit the hardest on news of <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@cz_binance</a> stepping down as CEO. But if a quick reputation recovery happens for <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#crypto</a>'s #1 exchange, a <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BNB</a> bounce would be likely based on this level of trader <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FUD</a>. <a href="https://t.co/WrA9EfUj7o" target="_blank">https://t.co/WrA9EfUj7o</a> <a href="https://t.co/WxgHbjSOUm" target="_blank">pic.twitter.com/WxgHbjSOUm</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1727125721846587820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p> Read more: <a href="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/"> Binance to remain a top-three exchange until 2026 — Matrixport </a> </p> 
<p>Moreover, according to Santiment, traders are still long on BNB despite the market’s U-turn. However, if short positions increase, a price recovery is expected.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/u-s-justice-department-to-announce-binance-settlement-later-today/"> U.S. Justice Department to announce Binance settlement later today </a> </p>

BNB plummets 9.2% amidst wider crypto downturn after Binance charges

crypto.news

Άλλα άρθρα που δημοσιεύτηκαν στις 22 Νοε 2023

CZ’s Gratitude and Thoughts on the Future of Binance

Grayscale Holds Talks with SEC for Spot Bitcoin ETF Application: Here Are the Details!

Optimism Proposes to Integrate ApeCoin on Superchain: Report

BITCOIN TECHNICAL ANALYSIS CMP-Dollar 36,680: Buying seen during Dips

NVIDIA exceeds earnings expectations with robust Q3 performance, hits new all-time high in pre-ma...

Shiba Inu's Shibarium Witnesses 231% Transaction Increase Amid SHIB Price Shake-Up

Join our free newsletter for daily crypto updates!