BNB Price Swings: What's Behind the Volatility?

BNB's wild ride: After a recent tumble from its $900 peak, BNB's price swings continue amidst major SEC filings and a new $1 billion investment fund backed by Binance founders. While network activity surges with doubled daily active wallets, dipping transaction volumes raise concerns. All eyes are on upcoming US economic reports that could sway the Federal Reserve's interest rate decisions and, potentially, crypto markets. Technical analysis reveals a battle at the $868 resistance, with heavy selling pushing BNB down to the $850 support level, where buyers are stepping in. Hosted on Acast. See acast.com/privacy for more information.