Binance Coin’s Recent Price Drop: Impact of CZ’s Legal Troubles and Market Sentiment
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Binance Coin (BNB) has seen a decline in its performance over the last three months. This downturn follows the imprisonment of former Binance CEO, Changpeng Zhao. The Binance exchange's native cryptocurrency has been hovering around the $600 region, exhibiting both upward and downward movements. An upside breakout occurred in June, followed by a break below support levels in July. Market sentiment and legal troubles surrounding Zhao have played significant roles in these price movements.
Fonte: coinedition.com ↗
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