$BNB At this moment, the price of the BNB contract is at 895, sprinting towards 900, while bad news for her comes from time to time, following one after another.
This week, the U.S. Commodity Futures Trading Commission is selecting cryptocurrency exchanges for compliance markets. The U.S. is now planning for cryptocurrencies to enter compliant exchanges like traditional mainstream commodities such as gold. Major institutions can only trade on these types of exchanges, protected by U.S. law. Currently, only one U.S.-based cryptocurrency exchange has been approved, and given the tendency of the industry to monopolize, it can be foreseen that Binance.us will be hard to approve.
Misfortunes never come singly. Recently, East University has also launched a new round of crackdown on cryptocurrencies as a counter-reaction to the beautiful country's ban on sovereign digital currencies, categorizing the crypto industry as one to be eliminated. Engaging in related industries violates East University's laws and regulations. It is expected that this wave of crackdowns will only intensify, like a raging fire. Last week's central bank announcement was just the beginning of the order.
With the end of the Binance activity week in December and this month's crypto summit, the tightness of US dollar liquidity (for detailed logic, please refer to my previous thoughts and predictions on the current market situation).
There is a possibility of interest rate cuts in December to stimulate, or a new popular plan on the BSC chain might emerge, pushing prices above 1000 for a brief surge. However, all of this is just a cloud; I think she will go to 500 to stand in punishment.
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