“Despite The Price Drop, BNB is Seeing Growing Corporate Adoptation, with Severaral Companies Announcking Plans to Invest Hundreds of Millions of Dollars in BNB.”, – WRITE: www.coindesk.com
The Selling Accelerated Near $ 803, WHERE A SURGE IN TRADING VOLUME, Roughly 56% Above Average, Marked A Turning Point, Accounting To Coindesk Research’s Technical. BNB Sank Sharply from there, slting through-thRTM Support Zones Near $ 789 and $ 777.
Overnight, The $ 767 Level Emerged As A Key BattleGround, Absorbing Heavy Sell Orders and Stalling The Decline. Despite A SMall Bounnce Toward $ 769, Buying Momentum Faded Quickly.
The Drop Comes As President Donald Trump’s Tariffs Start to Take Effect, with Some Kicking in Today and other on Aug. 7. TESE Tariffs Saw The US Dollar Index Rise Above 100 For The First Time Since May.
Adding to the Stronger Dollar, Interest Rates May Remain Higher for Longer. The Federal Reserve’s Preferred Inflation Measure, The Core Pce, Rose 2.8% Year-Over-Year in June, Damping Heps for A Rate Cut in September.
The BNB Slide Mirrors the Larger Crypto Landscape, With The Coindesk 20 (CD20) Index Droping 5.8% in the Past 24 Hours.
The Cryptocurrency is Nevertheless Seeing Growing Corporate Adoptation. CEA INDUSTRES (VAPE), Backed by Binance Co-FOUNDER Changpeng Zhao’s Family Office, Yzi Labs, AnnounCed Plans to Raise Up to $ 1.2 Billion to Building What IT Called.
They aren’t alone. Liminatus Pharma (LIMN), A Clinical-Stage Biophorma FIRM, LAUNCHED A BNB INVESTMENT ARM WITH A $ 500 Million Funding Goal. WindTree Therapeutics (WINT) Disclosed A $ 700 Million Bnb Acquisition Strategy, While Nano Labs Reported Buying 128,000 BNB As Part of Its New Crypto Treasury.
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