Bitcoin price returns above $47K as crypto market shrugs off Binance KYC news
Neither Bitcoin nor altcoins are in any mood for cold feet on Friday, with gains in some of the top 10 cryptocurrencies topping 10%. Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Friday in further inspiration for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin coils up beneath major sell wallData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday.The pair had received a welcome boost from news of a Bitcoin fund launch from Wells Fargo, which fuelled 24-hour....
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As the BNB’s price continues to soar, BNB Chain projects are leading Binance Wallet’s top ten Initial DEX Offerings (IDOs) list with up to 2,000x historical returns. Related Reading: Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy BNB Chain Projects Top Binance Wallet The BNB Chain ecosystem has seen a strong performance recently, with the Binance Wallet leading among IDO launchpads in terms of profitability, driven by the massive returns of various projects built on the network. According to CryptoRank data, the Binance Wallet has a current Return of....
Binance may be on the verge of delisting all stablecoin offerings on its crypto exchange platform for European investors. The news has triggered fears of the potential losses the EU crypto market may sustain if Binance validates and proceeds with the motion. Binance To Delist All Stablecoin Offerings In Europe A prominent executive of Binance, […]
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss Eth2 and how it compares to the competition. “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts give you the details about Ethereum 2.0, its main competitors, and how they differ from each other.To kick things off, we break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Bitcoin ‘Bart Simpson’ returns as BTC price dives 7% in hours: Bitcoin (BTC) price action failed to crack $32,000....
Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few days ago, Binance lost another payment processing partner after Checkout.com terminated its contract with the crypto exchange. And now, another rumor that appears to be spreading is that Binance is selling Bitcoin on the spot market to sustain the price of its native token, BNB. Is Binance Really Selling Its Bitcoin To Buy BNB? The rumor originated from a post made by @WhaleChart on X (formerly Twitter), claiming that Binance is allegedly selling Bitcoin on the spot....
The price of Bitcoin has struggled so far in the month of November, briefly falling below the psychological $100,000 level twice already. Although the flagship cryptocurrency appears to be in a state of calm this weekend, a recent on-chain evaluation shows the possibility of more price corrections in the short term. Bitcoin Risk-Adjusted Returns See Growing Downturn In a Quicktake post on the CryptoQuant platform, data analytics platform Arab Chain revealed that there seems to be a growing amount of risks for Bitcoin market participants on Binance. This on-chain observation revolves around....