Cryptocurrencies Falling After Binance Litigation! BTC, BNB, XRP Analysis

Last week, with the Fed’s 25 basis points increase in interest rates and some news from the SEC, Bitcoin was moving sideways at the level of 28 thousand dollars.

Even though investors smiled last week, a development in the USA had a negative impact on the market today. Commodity Futures Trading Commission CFTC Binance and founder To Changpeng Zhao The news that he had filed a lawsuit fell on the agenda like a bomb.

With you in this article Bitcoin (BTC), Binance Coin (BNB) And Ripple (XRP) We will review the price.

Bitcoin (BTC)

The fact that the leading cryptocurrency was not persistent above $ 28,000 for the past week revealed that the bulls’ hand was not strong enough yet. bitcoinfell below the $28,000 support with the news of the lawsuit today.

We cannot fully predict how much the BTC price will be affected by the developments in the coming hours. However, technically, the intermediate support level of $26,650 must be maintained in order to avoid a drop to $24,300.

$BTC As of now, it finds buyers at $27,000.

Binance Coin (BNB)

After the US government agency filed a lawsuit against the crypto exchange Binance, the eyes turned to the token of the exchange and the BNB Chain ecosystem. Binance Coin starts the first day of the week with a loss of 4.75%.

BNB, lost $317 support after incoming sell-off. If the decline continues, the next major support level is located at $281.

Ripple (XRP)

ongoing in the USA Ripple A summary judgment result is awaited in the case between the SEC and the SEC. Majority of crypto experts claim that Ripple will win the decisive victory in the legal battle.

The expectations about Ripple cause the local token XRP to act independently from the general market. XRPDespite the news of the lawsuit, it has gained 3.25% since the beginning of the day.

According to the 4-hour chart, the upward movement for Ripple may continue if $0.49 is exceeded. Investors in the markets “the expectation is bought and the news is sold” should not ignore the fact.

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