Binance's recent decision to delist six altcoins—Ellipsis (EPX), PowerPool ($CVP ), ForTube (FOR), Reef (REEF), Loom Network (LOOM), and $VGX Token (VGX)—has resulted in substantial double-digit declines in their respective values. The delisting, effective from August 26, 2024, has led to a sharp drop in trading volumes and market liquidity for these tokens, reflecting a negative market sentiment. Conversely, Binance's native cryptocurrency, BNB, has shown a modest rise of 0.835% to $520.37. However, despite this increase, the Relative Strength Index (RSI) for BNB remains below the neutral level of 46, suggesting ongoing bearish sentiment. This divergence indicates a potential for continued volatility in the market as Binance shifts its focus to new assets like Toncoin ($TON ).

#Bitcoin❗ #DelistingUpdate #listing_date_march2024