Cryptocurrencies Price Prediction: Binance Coin, Bitcoin & Ethereum — Asian Wrap 01 September
|BNB open interest nears $400 million as bulls step in
Binance Coin (BNB) price shows signs of an impending short-term uptrend as the network continues to navigate uncertainties associated with regulatory clampdown. Noteworthy, the largest cryptocurrency exchange by trading volume continues to contend with the US Securities and Exchange Commission (SEC), Commodities and Exchange Commission (CFTC), and the Department of Justice (DOJ).
Bitcoin price dips 7% as SEC delays seven spot BTC ETF applications
Bitcoin (BTC) price has whiplashed all the ground covered during the August 29 rally when Grayscale asset manager’s news catalyzed an impulse to drive the market north. In the latest development, the market value of the giant crypto has dipped and the US Securities and Exchange Commission (SEC) takes blame.
Ethereum records more long-term holders than Bitcoin in 2023, on-chain data
Ethereum (ETH) price has shown a significant correlation with Bitcoin (BTC) price, tracing almost similar price actions with momentum indicators also aligning. A closer look, however, reveals that ETH has outranked BTC on several metrics, particularly where large holders or whales are concerned.
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