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

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

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.
BNB/USDT 1-week chart
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.
Chart
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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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