{"id":25396,"date":"2023-11-21T18:43:05","date_gmt":"2023-11-21T18:43:05","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/"},"modified":"2023-11-21T18:43:07","modified_gmt":"2023-11-21T18:43:07","slug":"bnb-price-rallies-on-news-of-doj-binance-settlement","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/","title":{"rendered":"BNB price rallies on news of DOJ-Binance settlement"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>BNB\u2019s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice\u2019s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng \u201cCZ&#8221; Zhao has agreed to step down as CEO of the crypto exchange\u00a0<\/p>\n<p>While the exact details of the settlement remain unclear until the Nov. 21 press conference at 3 pm ET, crypto market participants appear to perceive the end of the Binance legal saga with the Commodity Futures Trading Commission, United States Securities and Exchange Commission, and DOJ as a positive outcome with potential bullish ramifications the crypto market.<\/p>\n<p>Historically, crypto markets react negatively to enforcement actions and the threat of new regulations, but data from Coinglass shows BNB volumes, open interest and options volume surging over the past 24 hours. <\/p>\n<figure><figcaption style=\"text-align: center;\"><em>BNB derivatives data. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p><strong><em>Related:<\/em><\/strong><strong><em>BNB pops after report that DOJ wants $4B settlement with Binance<\/em><\/strong><\/p>\n<p>While BNB price did hit a 5-month high at $271.90 on Nov. 21, the move was accompanied by a surge in liquidations. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/767e12c3-6bcd-40e3-9131-6ca6a4fbc27e.png\"\/><figcaption style=\"text-align: center;\"><em>BNB\/USDT daily chart. Source: Velo<\/em><\/figcaption><\/figure>\n<p>At the time of writing BNB price is retracing a majority of its intra-day gains, perhaps a sign that the price action reflected the age-old buy the rumor and sell on the news strategy that remains prevalent throughout the crypto sector. <\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB\u2019s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice\u2019s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng \u201cCZ&#8221; Zhao has agreed to step down as CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-25396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB price rallies on news of DOJ-Binance settlement | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB price rallies on news of DOJ-Binance settlement | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"BNB\u2019s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice\u2019s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng \u201cCZ&#8221; Zhao has agreed to step down as CEO [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T18:43:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-21T18:43:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/ace27dd6-5914-42ba-8c13-b8521f8a180a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"BNB price rallies on news of DOJ-Binance settlement\",\"datePublished\":\"2023-11-21T18:43:05+00:00\",\"dateModified\":\"2023-11-21T18:43:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\"},\"wordCount\":264,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/ace27dd6-5914-42ba-8c13-b8521f8a180a.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/bnb-price-rallies-on-news-of-doj-binance-settlement\/\",\"name\":\"BNB price rallies on news of DOJ-Binance settlement | NFT &amp; 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