Binance Coin, Bitcoin and Ethereum – European Wrap 17 November

Binance Coin price initially enjoyed bullishness from its possible acquisition of FTX. However, as the talks broke down, BNB, along with the rest of the crypto market, crashed. The exchange token now needs a solid push which could be achieved if buying pressure increases, though the outlook looks rather bleak at the moment.

 

Bitcoin price has been in a pickle since the start of 2022, be it the Terra-Luna debacle, Three Arrows Capital implosion or the latest collapse of the FTX exchange. Bullish news has been rare for the big crypto, or so we thought. 

BTC/USDT 1-day chart

Ethereum (ETH) price action has been in the crosshairs since Wednesday after claims that crypto platform Genesis blocked any payouts and repayments of funds. It might be the next domino in the wake of the FTX meltdown from last week.

ETH/USD daily chart

 

 

 

 


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