BNB price recently broke above a descending trendline and held the breakout, trading near $590. The token faces immediate resistance between $592 and $600, with a significant liquidation cluster around $605 to $610 that could influence its next move. Rising network activity and a recent token burn support BNB's recovery, while technical indicators like RSI and MACD remain bullish. A confirmed daily close above $592 could open the way to $616, but failure to hold above $581.62 risks a pullback to lower support levels. External risks include US dollar liquidity and Federal Reserve policies.
Bitcoin remained stable around $64,000 despite global stock markets reaching new highs driven by enthusiasm for AI-related shares. Ether was the only major cryptocurrency to decline over the week, falling about 2%. The market showed little reaction t...
Bitcoin and Ethereum posted small gains while overall crypto market activity slowed, with Bitcoin dominance increasing to 58.76%. This suggests investors prefer large-cap assets like Bitcoin for liquidity and safety amid cautious market conditions. A...
Bitcoin and Ethereum posted small gains while major altcoins showed mixed performance, reflecting a cautious crypto market. Bitcoin's dominance slightly increased to 58.72%, indicating investors prefer holding BTC over riskier altcoins. Stablecoin ac...
BNB Chain has overtaken Tron by reaching 79.3 million stablecoin holders, making it the top blockchain network for stablecoin adoption. The total number of stablecoin holders across all blockchains has hit 289 million. BNB Chain's low fees and integr...
Changpeng Zhao, Binance's founder, argued that storing Bitcoin on exchanges is statistically safer than self-custody, citing data showing 1.57 million BTC lost through self-custody versus 1.51 million BTC lost in exchange hacks. He highlighted Binanc...
