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news-imageSeptember 30, 2024

Binance Coin Faces Local Reversal: Is a Drop to $560 Inevitable

Binance Coin (BNB), the fourth-largest crypto currency by market capitalization, is currently experiencing a significant market movement, largely driven by the recent release of former Binance CEO Changpeng Zhao (CZ) after a four-month detention related to U.S. money laundering allegations. This development a surge in BNB's price, but it was accompanied by a spike in liquidations, resulting in an immediate local reversal across many BNB trading pairs.
Publisher: The Currency Analytics
Sentiment: Negative
BNB

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Positive
cover-imageBeInCrypto
September 28, 2024

Binance's Changpeng Zhao Is Released, BNB Records Modest Gains

Changpeng Zhao (CZ) was released from California's Lompoc II detention center on Friday, a low-security prison on the central coast of California. The Binance founder and former CEO completed his four-month sentence, going free two days earlier than the official release date on grounds of weekend policy.

Negative
cover-imageThe Currency Analytics
September 28, 2024

BNB Faces Potential 20% Drop: Are Bulls Losing Ground

Binance Coin (BNB), currently the fourth-largest cryptocurrency by market capitalization, is showing signs that it may be losing bullish momentum. Recent technical analysis points to a bearish trend that could lead to a potential decline of 20%, bringing BNB down to approximately $480.

Positive
cover-imageCoinPedia
September 27, 2024

CZ Out of Jail, BNB Set for Mega Breakout: Eyes on $700

Binance Coin (BNB), the world's fourth-biggest cryptocurrency is now poised for a significant upside rally as Changpeng Zhao the former CEO and founder of Binance has been released from jail. Since CZ's imprisonment, BNB has struggled and experienced a long consolidation.

Positive
cover-imageCoingape
September 27, 2024

Breaking: Binance Founder CZ To Be Released Today, BNB Price Rally Ahead?

Binance founder Changpeng Zhao, widely known as “CZ,” is set to be released from custody today, marking the end of a four-month sentence in the United States. Zhao's release is expected to have significant effects on the cryptocurrency market, especially on Binance Coin (BNB) as it has been displaying uptrend in the last few days.

Neutral
cover-imageInvezz
September 26, 2024

Binance Coin traders pull back ahead of CZ's release: what's next for BNB price?

While the crypto community awaits Sunday's release of the former Binance CEO Changpeng Zhao, Binance Coin (BNB) buyers appear increasingly cautious. CZ will be a free man from 29 September after completing his fourth-month sentence. Meanwhile, BNB has experienced reduced buying volume over the last few days, with buyers hesitating to execute massive positions.

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