Traders face a mixed outlook, with BNB’s deflationary mechanics potentially leading to a boost if demand grows, but technicals show the price stuck in a narrow range.
BNB Drops After $1.65B Token Burn, Eyes Resistance Near $1,150
Traders face a mixed outlook, with BNB's deflationary mechanics potentially leading to a boost if demand grows, but technicals show the price stuck in a narrow range.
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Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but "nobody knows" yet how lasting the impact will be.
Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.
With ETH near record highs and Tom Lee eyeing $15,000 by the end of this year, investors weigh exposure through direct tokens, spot ETFs or corporate treasuries.
The fourth largest crypto could potentially reach its 2021 record highs in the coming days given its relative strength through crypto's eight-month long consolidation phase, one analyst noted.