Binance Coin price analysis: BNB falls to $270 as selling pressure increases

Binance Coin price analysis suggests a downward movement to $260 The closest support level lies at $270 BNB faces resistance at the $275 mark The Binance Coin price analysis shows that the BNB price action has fallen to the $270.00 mark after the buyers failed to break above the $290.00 mark.

Timeline of Bnb

Binance's CEO shared a solution to help avoid exchanges using customer funds as presented by Vitalik Buterin BNB continues to prevail in static positions, according to its on-chain information The CEO of Binance, CZ, agreed with Vitalik Buterin that Centralized Exchanges (CEXes) needed to produce public evidence showing user safety.

The attackers who drained $600 million from the now-bankrupt exchange FTX, swapped nearly 30,000 tokens for (ETH) and (BUSD) on November 17. The post FTX attacker continues swapping tokens; exchanges $7.95M BNB for BUSD, ETH appeared first on CryptoSlate.

The Binance Coin (BNB) price is trading inside a short-term bullish pattern. While a breakout from it seems likely, the long-term trend indicates another nosedive will eventually occur.

FTX hacker swaps 29.7k BNB, after FTX, a cryptocurrency exchange faces a massive hit of a $600 million hack on Friday. Amid the ongoing liquidity crisis as per today's report, the FTX hacker becomes the 31st largest Eth holder.

The price of Binance coin (BNB) has fallen to $266.46 today, representing a 2.5% drop in 24 hours. However, its current level marks a slight rise of 1% for the last seven days, with the exchange utility token having been affected by the ongoing FTX collapse.

 BNB's price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.  BNB's price continues to show strength after a bearish downtrend with the market's current state, as things look uncertain for most traders and investors.

The wallet currently holds at least $322 million in cryptocurrencies — 87.5% of which is ether. It is now the 34th largest holder of ether. The post FTX drainer sells more BNB, now 34th largest holder of ETH appeared first on The Block.

Binance Coin price analysis has turned bearish once again, after showing some positive momentum to push price up to $282.6 yesterday. BNB price failed to consolidate on the positive momentum from then and dropped down to $273.7 today, before rising up to $276 at the time of writing.

The entity that moved funds out of crypto exchange FTX's wallets last week has been swapping its coins to accumulate ETH, making it one of the biggest Ethereum whales in existence. On Friday, FTX's general counsel Ryne Miller released a statement on the company's Telegram channel, saying the exchange had been hacked.

 BNB Chain was quite heated due to multiple positive developments BNB's stochastic was oversold, but the rest of the metrics were negative  BNB's performance last week was not what investors expected. Its price went down considerably, like most other cryptos in the market.