SEC v Binance-chatter will remain the focal point. The lack of external market forces leaves BNB in the hands of the crypto news wires. It is a quiet day ahead, with no US economic indicators to provide direction. “As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.”īNB price action in the coming days will show whether CZ has convinced the markets that there are no personal issues at the top end of the Binance food chain. But the reasons dreamed up by the news are completely wrong.” Yes, there is turnover (at every company). Reports of Binance executives leaving and Binance cutting staff in response to the increased regulatory scrutiny and SEC filing were bearish.īinance CEO CZ attempted to downplay the recent departures, saying, While the US economic indicators provide support, Binance-related news continued to grab the crypto news headlines. Average hourly earnings increased by 4.4% year-over-year versus 4.4% in May. However, there was no euphoric rally, with US average hourly earnings coming in hotter than expected. After the ADP nonfarm employment change numbers, a 209k increase in US nonfarm payrolls eased bets on a more hawkish Fed policy outlook.
On Friday, the US Jobs Report provided investor relief.
BNBUSD 080723 4-Hourly Chart US Jobs Report Limited the Impact of Binance-Related News
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