$BNB BNB On The Edge—Will $700 Propel a Breakout? | Azahar Bhuiyan on Binance Square

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$BNB BNB On The Edge—Will $700 Propel a Breakout?

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$BNB The coin pair has been a hot topic in the crypto community recently, with many traders keeping an eye on its performance against other major cryptocurrencies. As Binance Coin continues to play a key role in the Binance ecosystem, its value is impacted by factors like exchange activity, DeFi involvement, and broader market trends. Whether you're holding for long-term gains or actively trading it, staying updated on its pairings can be crucial for making informed decisions. Keep an eye on the pair—its movements could signal opportunities for both risk-averse and high-risk traders alike.

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#TrumpCryptoOrder According to CoinDesk, U.S. President Donald Trump has issued an executive order aimed at fostering a supportive environment for the cryptocurrency industry in the United States. This directive, announced on Thursday, seeks to establish policies that will provide a solid foundation for digital assets within the country. The order also explores the possibility of creating a 'digital asset stockpile.' The executive order marks a significant shift in federal policy towards cryptocurrencies, potentially allowing the sector to advance under a more favorable framework set by the White House. While such orders are typically the starting point rather than the conclusion of policy development, this move by the pro-crypto president is seen as a crucial first step. Following the announcement, Bitcoin experienced a brief surge, climbing above $106,000 from around $103,000, before settling back to $103,500, reflecting a 0.51% decrease over the past 24 hours. The order includes provisions to protect individuals involved in the crypto space from legal repercussions, provided their activities are lawful. It establishes a working group led by Trump's crypto and AI advisor, venture capitalist David Sacks, and includes various Cabinet officials, as well as the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. Although the order does not immediately create a strategic bitcoin reserve, it instructs the working group to assess the feasibility of establishing a national digital asset stockpile. Additionally, the order prohibits any work on a U.S. central bank digital currency (CBDC) during Trump's administration. It explicitly bans agencies under his authority from taking any steps to establish, issue, or promote CBDCs within the United States or internationally. This decision comes after a period of uncertainty among crypto insiders, who were anxious about the administration's stance on digital assets. Meanwhile, leaders at the U.S. markets regulators, including the SEC and CFTC, have been preparing to transition digital asset

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$ETH Ethereum is a hub for decentralized applications (dApps). Key sectors include: Decentralized Finance (DeFi): Platforms like Uniswap, Aave, and Compound offer decentralized trading, lending, and borrowing. Total Value Locked (TVL) in DeFi continues to grow, indicating strong adoption. Non-Fungible Tokens (NFTs): Ethereum powers the majority of NFT projects (e.g., OpenSea, Blur). Artists, brands, and creators are using Ethereum to tokenize art, music, and collectibles. Gaming and Metaverse: Blockchain-based games (e.g., Axie Infinity) and virtual worlds (e.g., Decentraland) are using Ethereum to enable in-game economies. Enterprise Solutions: Ethereum is being used by major companies (e.g., JPMorgan’s Quorum) for private and public blockchain solutions.

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#ETHProspects Ethereum Price Stalls Below $3,500 as Leverage Ratios Rise Ethereum has traded between $3,200 and $3,500 for months, stabilizing. Even if the market is rising, ETH is still stuck in this area. After a protracted drop from its late 2021 peak of $4,800, it has stagnated. The cryptocurrency has fallen 32% from its high. Even the new pro-crypto government and regulatory clarification have failed to move Ethereum above its present resistance levels. ShayanBTC, a CryptoQuant QuickTake contributor, has identified a key statistic that might indicate an ETH price shift under present market circumstances. High Ethereum Leverage Ratios and Implications In a CryptoQuant QuickTake research, Shayan found that Ethereum's Estimated Leverage Ratio—a measure of futures market participants' average leverage—has been rising significantly. Even as Ethereum's price consolidates, Shayan reports a spike in traders' risk-taking. Leverage at high levels suggests a large price swing, but its direction is unknown. Shayan stated: A large and impulsive price move is likely when this range breaks due to strong leverage. Shayan said that more traders using leverage makes the market more volatile. These leveraged positions might create a fast and severe price change if liquidated via a short or long squeeze. The consolidation around $3,200–$3,500 has raised Ethereum's future prospects. Analyst for CryptoQuant posted: Given market mood, a positive breakthrough seems likely. However, traders should continuously watch the leverage ratio since sudden changes might cause volatility and liquidations. Eth Market Performance ETH is at $3,282, down 0.1% in 24 hours. ETH's daily trade volume has been strong this week despite its poor performance. Ethereum's daily trading volume, which was below $20 billion last Wednesday, is now over $24 billion. This contrasts with ETH's market performance during the same time.

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