BNB Is Struggling ahead of CZ Release
Binance Coin (BNB) is losing 3.7% to $541.54 this week, underperforming a broader market. Bitcoin (BTC) is losing 0.7% to $59,064. But from a broader perspective BNB performance is seen positive. The token rose by 2.05 in September and is close to its highs during the last six months.
BNB is traded between $500 and $600 after detention of ex Binance CEO Changpeng Zhao, aka CZ in May. Only strong market movements pushed prices outside this range. His sentence will end on September 29. Some crypto enthusiasts believe that this is a positive signal for the BNB, while others see risks of further lawsuits against CZ and new losses for the Binance network.
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