November 8, 2024

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BNB price rallies on news of DOJ-Binance settlement

1 min read
BNB price rallies on news of DOJ-Binance settlement

BNB’s (

While BNB price did hit a 5-month high at $271.90 on Nov. 21, the move was accompanied by a surge in liquidations.

BNB/USDT daily chart. Source: Velo

At the time of writing BNB price is retracing a majority of its intra-day gains, perhaps a sign that the price action reflected the age-old buy the rumor and sell on the news strategy that remains prevalent throughout the crypto sector.