The cryptocurrency market continues to surprise, and the recent correction of Bitcoin from $105,000 to current levels has been a key topic for traders and investors. But what does this movement tell us and how does it affect BNB, the native token of the Binance ecosystem? Bitcoin: A necessary correction Since the last peak at $105,000, Bitcoin has experienced a significant correction. These types of movements, although unsettling for some, are a natural part of the market cycle. Some key points to consider:
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1. What is PENGU and why is it gaining traction? $PENGU is a community token that has gained notoriety for its focus on mass adoption and its association with projects related to the metaverse and blockchain gaming. Its deflationary economy, driven by a constant burning mechanism, has raised expectations among investors. Current key data: Circulating supply: 15 billion tokens Current market cap: $675 million Maximum supply: 20 billion