Cryptocurrencies Price Prediction: Binance, Ethereum & SEC vs Ripple– American Wrap 18 August

FXStreet Team FXStreet

Binance Coin Price Forecast: BNB could crash 35% amid mounting bearish signs

Binance Coin price is edging closer to a key support level at $221, which has held its own since February 2021. A breakdown of this critical barrier would be a major development for BNB and would paint a picture of the buyers’ outlook. In such a case, investors can expect steep correction to subsequent support floors.

Single trader lost $55M on Ether long yesterday

An unknown single trader, or a trading entity, lost $55 million on an ether trade against Binance USD (BUSD) on crypto exchange Binance as crypto markets plunged suddenly late on Thursday, data shows.

SEC vs Ripple, the legal battle intensifies as XRP holders expect new changes from SEC appeal

XRP community members have been closely following the US Securities & Exchange Commission’s (SEC) every move against Ripple. In the latest update, the regulator’s request to file a motion for interlocutory appeal has been approved by the court. Ripple filed its opposition to the SEC’s request on August 16. However, Judge Torres replied on Thursday, allowing the SEC’s filing.

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FXStreet Team

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Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

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Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.