After the US Department of Justice demanded $4 billion to end the criminal case against cryptocurrency exchange Binance, there was a sudden rise in the price of BNB from $247 to $263.
In the details provided by Bloomberg, it was stated that some allegations could be made against Binance CEO Changpeng Zhao.
Crypto kingpin, known for his accusations against Binance following the claim that the company will reach a deal with the US and constantly talks about the fall of Bitcoin, made his first comment. According to the analyst, BNB reached the resistance point of around $260 that the analyst mentioned earlier and was rejected from there.
The analyst maintained that the news that the company and US authorities would reach an agreement should be interpreted negatively, unlike most people. He stated that the allegations against Binance and CZ are not a good sign.
In addition, the analyst also talked about MATIC. il Capo of Crypto announced that it opened a short position in the MATIC token at a position of $0.91. The analyst said the target of $0.29 remained. He stated that his second target for MATIC is $0.20, but his goal is to close most of his position at $0.29.
*This is not investment advice.
