$BNB

Bitcoin (BTC) could not maintain recovery attempts during the week, indicating selling by bears at higher levels. Although buyers were unable to push the price above $100,000, they have not ceded much ground to sellers. This suggests that bulls are holding onto their positions as they anticipate another upward move.

BNB plummets after the resignation of the CEO of Binance

Changpeng Zhao stepped away from the executive functions of Binance and pleaded guilty to charges he faces in the United States.

BNB fell nearly 7% in the last day.

If the decline continues, it could find support in the $200 zone.

The cryptocurrency BNB, native to the cryptocurrency exchange Binance and the Binance Smart Chain (BSC) network, has lost nearly 7% of its value in the last 24 hours. At the time of this publication, each unit of BNB is trading on major exchanges for $239 (USD).

The reason for this crash is the resignation of Changpeng Zhao (CZ), who until today served as CEO of Binance.

As CriptoNoticias reported moments ago, Zhao stepped away from his executive functions and pleaded guilty to violating anti-money laundering restrictions in the United States. The decision was part of a $4 billion agreement between the exchange and state entities of the North American country.

In the following chart from the TradingView platform, the price movement of the BNB cryptocurrency in recent hours can be observed#BNB