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Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News
Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges, according to Bloomberg.
Updated Mar 8, 2024, 5:23 p.m. Published Nov 20, 2023, 6:01 p.m.
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A major overhang over the crypto market – whether the world's largest crypto exchange might soon be put out of business – might soon be going away, and bitcoin [BTC] and BNB Coin [BNB] are moving higher on the news.
According to Bloomberg, Binance by month's end might be paying $4 billion to make multiple criminal charges in the U.S. go away. Importantly, however, the settlement reportedly would allow the exchange to continue operations.
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To this point, a spokesperson with the DOJ declined to comment to CoinDesk and Binance didn't immediately respond to a request for comment.
After initial dips when the headlines hit, bitcoin and BNB have both moved to session highs, with bitcoin ahead 1% on the day and BNB up 6%.
Sizin için daha fazlası
Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive
Bitcoin falls to $68,000 as tech-led risk-off move deepens, gold extends correction and memecoins lead altcoin losses amid BTC dominance range.
Bilinmesi gerekenler:
- Bitcoin is down 1.25% to $68,000, tracking weakness in Nasdaq futures and a 2.4% drop in gold as risk sentiment sours.
- BTC’s correlation with the Nasdaq has swung from -0.68 to +0.72 since Feb. 3, underscoring tighter ties to tech stocks.
- Memecoins PEPE, DOGE and TRUMP led altcoin losses, while MORPHO and ZEC outperformed over the past week.
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