BNB is the cryptocurrency of Binance, a Bitcoin Exchange (BTC) and other digital asset, and has just marked a financial milestone. I’ve surpassed the $1,000 barrier for the first time. This impulse has reached a new historic maximum (ATH) of 1,005.
When this article was published, BNB is negotiated for $997.15as observed in the following training view graph:
That was the event that promoted the price of currency in the BNB Smart Chain Network The US Federal Reserve reduces interest rates with 25 basic pointsPlace them at around 4%, as reported by Cryptootics.
Low interest rates support “risk” assets such as cryptocurrencies.
In this way, BNB was able to break the $1,000 psychological resistance. This was a level that generated strong expectations in the market and also served as a profit that could hold back bullish gatherings.
At present, assets are passing through price exploration zones. It is known as there is no previous technical reference, as investors have never operated at these levels.
On the other hand, it must be noted that BNB prices are also preferred by journalistic reports that show that Binance is a conversation with the US Department of Justice. The external supervision imposed on the 2023 contract will be terminated.
At the time, the company agreed to pay Changpeng Zhao $4.3 billion and exit as CEO, in addition to accepting the existence of an independent monitor responsible for monitoring rules against money laundering and sanctions.
Other novelties that have sparked market interest are The alliance was announced between Binance and Franklin Templetona manager who manages $1.6 billion.
The purpose of this agreement is to develop products that integrate the benefits of cryptocurrency with traditional finances.
