CEO of Binance, Asserts That Holders’ Concern Is Being Fueled by
Login

Changpeng Zhao, CEO of Binance, Asserts That BNB Holders’ Concern Is Being Fueled by External Causes

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Changpeng Zhao, CEO of Binance, minimized user complaints by claiming that BNB and the exchange were being affected by external influences that were causing fear, confusion, and doubt.
Since the weekend, customer withdrawals on Binance, the biggest exchange in the world, have increased significantly.

Rumors about possible money laundering, drug trafficking conspiracies, and insolvency have led to significant withdrawals from the exchange. According to a recent Forbes article, Binance is presently the subject of a money laundering investigation and has assisted the investigation by working with law enforcement. The recent FUD surrounding Binance indicates that market fundamentals also point to a downward trend in prices.

Key Binance coin levels to watch – December 27

Due to the break in the structure that occurred on December 17th, the market’s price movement bias signaled a negative turn. Price action at the moment suggests that a slight pullback phase is underway. A bullish retracement is set to take place, as indicated by the price being in an oversold area on the Relative Strength Index.

Changpeng Zhao, CEO of Binance, asserts that BNB holders' concern is being fueled by external causes

Before a price crash is forecasted, the present downturn is predicted to hit the Order-block. Moreover, the Bull price is anticipated to halt near the $300.0 barrier level.

Binance coin key levels

Resistance levels: $300.0,$320.0,$356.0
Support levels: $240.0,$220.0,$200.0

Total Market Capitalization: $850.33B
Binance Coin Market Capitalization: $39.31B
Binance Coin Volume: $0.38B
Market rank: 5

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News