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  • Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News
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Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News

cryptovert November 21, 2023 1 min read

A
major
overhang
over
the
crypto
market
–
whether
the
world’s
largest
crypto
exchange
might
soon
be
put
out
of
business
–
might
soon
be
going
away,
and
bitcoin

(BTC)

and
BNB
Coin

(BNB)

are
moving
higher
on
the
news.


According
to
Bloomberg
,
Binance
by
month’s
end
might
be
paying
$4
billion
to
make
multiple
criminal
charges
in
the
U.S.
go
away.
Importantly,
however,
the
settlement
reportedly
would
allow
the
exchange
to
continue
operations.

To
this
point,
a
spokesperson
with
the
DOJ
declined
to
comment
to
CoinDesk
and
Binance
didn’t
immediately
respond
to
a
request
for
comment.

After
initial
dips
when
the
headlines
hit,
bitcoin
and
BNB
have
both
moved
to
session
highs,
with
bitcoin
ahead
1%
on
the
day
and
BNB
up
6%.

Continue Reading

Previous: Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3%
Next: Ali Yahya, Andreessen Horowitz: ‘Many Fair Weather VCs Have Pivoted’

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