BNB soared 5.3% in the last 24 hours, reaching around $1,131.81 and briefly peaking near $1,151.
Trading volume spiked 61% to $5.61B, and market cap exceeded $157.3B, solidifying BNB’s rank as the 4th largest cryptocurrency.
• A full presidential pardon for Binance founder Changpeng "CZ" Zhao (Oct 23) triggered massive optimism.
• The move is viewed as a turning point for U.S. crypto regulation, signaling a friendlier environment for digital assets.
• CZ pledged to help make the U.S. the “Capital of Crypto”, further boosting market confidence.
• Surge in BNB exchange outflows (+230%) between Oct 20–23 suggests investors are moving tokens to private custody.
• New U.S. listings have increased accessibility, reinforcing momentum.
🔔 • MACD: Bullish signal
• RSI: Neutral (~48), implying short-term consolidation
• Support: $1,070 – $1,100
• Resistance: $1,150 → Breakout target: $1,200–$1,320
Traders are adopting a “buy-the-dip” strategy, maintaining a long-term bullish bias as confidence strengthens.
🧭 Despite bullish developments, the Fear & Greed Index sits at 32 (“Fear”), reflecting market caution.
Yet, community sentiment—especially on Binance Square—remains overwhelmingly positive, marking the pardon as a historic win for crypto.
#BNB #Binance #CryptoNews #Bitcoin #MarketUpdate
📊 What’s your take — does this mark a new era for BNB and U.S. crypto regulation?
