$BNB BNB (BNB), previously also known as Binance Coin (BNB), is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to BNB Smart Chain in February 2019 and became the native coin of the Binance Chain.
BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years . Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.
BNB (BNB), previously also known as Binance Coin (BNB), is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to BNB Smart Chain in February 2019 and became the native coin of the Binance Chain.
BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years . Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.
#MarketCorrectionBuyOrHODL US Federal Reserve reduced interest rates by 0.25% today (Wednesday), aiming to sustain economic momentum while managing persistent inflationary pressures.
Simultaneously, Bitcoin, the top cryptocurrency, is positioning itself as a transformative force in the global economy. The rate cut is reportedly the third this year, reflecting a balance between economic growth and inflation.
The Fed's decision wasn't unanimous, with Cleveland Fed President Beth Hammack reportedly voting to keep rates steady, CNN Business reported. The division reflected concerns over inflation, which remains above the 2% target and is now projected to persist until 2027. Despite this, the US economy has shown resilience, fueled by strong consumer spending and steady business investments. Policymakers reportedly foresee stable growth and low unemployment next year.
As traditional markets grapple with inflation, Bitcoin continues to strengthen its position in the financial world. Analysts are now projecting that the crypto could surge to more than $200,000 by 2025, driven by favorable regulatory shifts and increased corporate adoption.
Bitcoin is currently on a slight correction trading at $101,269 at the time of writing. This represents a 5% drop in price in the past day. However, the market cap is more than $2 trillion, representing 56% of the total crypto market cap, data from
$BTC The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service. The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service.
The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade.
XRP is forming a bullish flag...on track for $3.70-3.76 in 4 days then a correction will occur that will test the newly established Lower Lows. 🚨🚨 👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸