BNB, the token that feeds the BNB channel and can be used for reductions on the costs on the leading binance of exchange, crossed $ 1,000 for the first time in the larger increase in the cryptographic market.
The token jumped 4.5% in the last 24 -hour period, going from $ 956.80 to $ 1,004 of all time and pushing its market capitalization to almost $ 140 billion, according to the Technical Analysis Data model of Coindesk Research.
This decision exceeded the BNB after Solana to recover its position as a fifth largest cryptocurrency by market capitalization.
The rally seems to reflect renewed confidence because Binance would be in talks with the United States Ministry of Justice (Doj) To put an end to a key compliance requirement for the exchange of the exchange in 2023.
Binance has since 2023 under an instructor appointed by the court in the context of its $ 4.3 billion regulation on violations of anti-money transmission.
The agreement, if it were finalized, would oblige that the exchange adopts a stricter internal report system, as was the case with similar companies which were released by monitors appointed by the court.
Certain investors on social networks also speculate on the possible return of the co-founder Changpeng Zhao, who resigned within the framework of the regulation of the Binance Doj. Although there is no official indication of its return to leadership, the story seems to feed the momentum behind the token.
The wider market of cryptography increased after the American federal reserve reduced interest rates by 25 base points yesterday, as expected. The Coindesk 20 index, which offers a weighted measurement of the larger digital asset market, is around 3% in the last 24 hours.
Preview of technical analysis
The rise of BNB started regularly after reports from the Binance-Doj agreement surfaced, the token exchanging about $ 956 in the morning before collecting the pace in the evening. It went from $ 961.41 to $ 994.49 in just over an hour, in a peak that came with an increase in the volume of trading.
The token found constant support between $ 983 and $ 988, even if it briefly blocked near the resistance at $ 995. This price ceiling was tested several times before a last escape which saw it reach a new record of all time above the psychological barrier of $ 1,000.
The clearest gain came to a six-minute window where prices went from $ 998.74 to $ 1,004.28, supported by a volume exploded eight times above normal schedules.
A new resistance emerges almost $ 1,005, while the support stabilized just below the line of $ 1,000. The price of BNB has since fallen at around $ 998.
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