CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-03 14:42:04

BNB Rises on Growing Regulatory Clarity, Renewed Trading Activity

Binance's BNB token climbedTuesday on the back of the U.S. Securities and Exchange Commission dismissing its long-running lawsuit against the crypto exchange last week. The token jumped from $650.28 to $673.70, a 3.6% rise, before entering a period of sideways trading and a short correction that saw it drop back down to the $665 level. The SEC’s move helped unlock previously restricted U.S. dollar deposit features , including ACH bank transfers, marking a partial restoration of Binance’s fiat channels on its U.S. platform. The timing added fuel to BNB’s rally, which came amid wider global financial unease, including shifting trade policy and rising macroeconomic uncertainty. Meanwhile, on-chain data showed BNB Chain handling $14 billion in daily decentralized exchange (DEX) volume, surpassing Ethereum and Solana combined. That scale of activity suggests BNB Chain remains a crucial venue for crypto trading despite regulatory scrutiny. Technical Analysis Overview On the technical side, BNB showed strong accumulation patterns, according to CoinDesk Research's technical analysis data model. Price action formed an ascending channel, briefly peaking near $673.70 before pulling back to consolidate above the psychologically important $665 level. A sharp volume spike around 01:00 and renewed buying near $665.32 helped stabilize the token’s price, indicating buyer interest at those levels. If support continues to hold, traders may interpret the move as the beginning of a longer bullish trend—especially now that some regulatory overhang has been lifted.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.