3 reasons why Binance’s BNB token risks sliding further by March
A slew of technical, fundamental and on-chain indicators hint at more pain for BNB’s price in February.
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A slew of technical, fundamental and on-chain indicators hint at more pain for BNB’s price in February.
The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security.
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most.
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
An estimated $148.7 billion worth of stablecoins are still in circulation.
While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.