BNB price prediction Binance outflows persisting.
This is an article discussing the recent trend of Binance Coin’s price, which has been on a downward trend in the past few weeks due to significant regulatory concerns that Binance, the biggest crypto exchange in the world, is facing. Binance has exited the Netherlands and is facing a crackdown in the US and UK. The article also mentions that investors are attempting to buy the dip, and the BNB token rose to a high of $245, which was higher than this month’s low of $221. However, it remains sharply below the year-to-date high of $351.
The article goes on to explain that Binance Coin is one of the leading cryptocurrencies in the world with a market cap of over $37 billion. It powers the BNB ecosystem, which is a platform that powers the decentralized finance (DeFi), metaverse, and the non-fungible token (NFT). Binance has made several headlines in the past two weeks due to the major investigation by the Securities and Exchange Commission (SEC). The company also announced that it was exiting the Dutch market and is facing investigations in France. Additionally, the company has canceled its registration in the UK due to significant regulatory concerns.
Data shows that the company’s assets have dropped in the past few weeks, and Binance has lost over $80 million in assets in the past 24 hours. It has lost over $4.4 billion in the past 30 days. Further, the BNB Chain has seen its DeFi total value locked (TVL) drop by more than 23% in the past 30 days.
The article includes a Binance Coin price prediction, suggesting that the BNB price will likely have a bearish breakout as sellers target the next support at $200. The article also includes information on how to buy Binance Coin through eToro and Pepperstone.
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