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BNB Rallies By 6% Amid Binance Settlement Talks

Twitter icon  •  Published hace 10 meses  •  Hassan Maishera

BNB is up by 6% in the last 24 hours as the world’s leading cryptocurrency exchange is currently in talks with the US DOJ to end its criminal case in the United States.

TL;DR

  • BNB is the best performer amongst the top 20 cryptocurrencies by market cap as other altcoins underperform.

  • Bitcoin maintains its price above the $37k level.

BNB Climbs To $260 After 6% Rally

BNB, the native coin of the Binance ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. The coin is up by 6% over the last 24 hours, outperforming the other leading cryptocurrencies.

BNB’s rally comes as other major altcoins like Solana, DOGE, LINK, and others underperform. It also comes following talks of a settlement between Binance and the United States Department of Justice (DOJ). 

The world’s leading cryptocurrency exchange by trading volume is expected to pay $4 billion to end its criminal case in the United States. However, its founder, Changpeng Zhao, might also face U.S. criminal charges.

Binance has been under investigation by US authorities over the last few months for money laundering, bank fraud and violating U.S. sanctions laws. 

The total cryptocurrency market cap continues to stand above the $1.4 trillion mark. If BNB can maintain its current momentum, market experts expect it to reach the $290 region in the near term.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.