VC Spectra (SPCT) brings together a team of seasoned experts, an advanced trading platform, and smart contracts to develop a trustless asset management protocol for blockchain and technology ventures. VC Spectra (SPCT) Attracts More Investors In Presale Stage BNB is trading at $241, down 0.14% in the past 24 hours. As a result, analysts expect BNB to drop to $200 by the end of 2023. No clear signs show that Binance will resolve its regulatory issues soon, which negatively affects the price of BNB. BNB attempted a recovery push by July 12 but could not record more than a 5.1 % increase, pushing it to $243. Since then, the price of BNB has dropped further as regulatory pressure has increased. But, BNB fell to $231 by the end of that month (a 24% drop). Volume-weighted funding rates and open interest in BNB perpetual futures also plunged considerably since late April.īNB was trading at $305 on June 4. In that context, investors are now selling their BNB holdings in the perpetual futures market. This high-stakes confrontation has pushed BNB’s market sideways, with investors unsure of the next price action. The legal battle between the Binance crypto exchange and the United States Commodity Futures Trading Commission ( CFTC) is approaching a critical moment, increasing uncertainty in the Binance Coin (BNB) market. Analysts warn that unless Ripple (XRP) holds the $0.692 support, a further drop toward $0.635 by August is possible. Ripple (XRP) is currently being traded at $0.717, experiencing a 10.84% decline in the past week.Īlthough Ripple (XRP) is up 2.12% in the last 24 hours, experts say it is unsustainable. Recent on-chain indicators now suggest a possible change in sentiment, with Ripple (XRP) whale investors succumbing to the emerging bearish trend.Īfter the Federal Reserve hiked interest rates by 25 basis points, Ripple (XRP) encountered more selling pressure pushing its price lower.Īfter many unsuccessful attempts to break above the $0.85 resistance zone, Ripple (XRP) investors have decided to take profits and exit the market. Since then, Ripple (XRP) has recorded a noticeable loss of momentum. Securities and Exchange Commission (SEC), Ripple’s (XRP)’s price encountered a resistance wall. Following an explosive surge to the $0.850 mark after Ripple won the case against the U.S.
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