A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February.
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign.
While LidoDAO’s current inflows of about 1000 stETH are sufficient to cover operating costs for the time being, it’s worried that may not last.
ETH derivatives data shows bulls becoming less inclined to defend the current price level, creating an opportunity for more downside.
The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”
NFT marketplace tokens are gaining the market’s attention, and Blur’s recent airdrop could extend the trend.
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Paxos said it will engage with the US securities regulator on the matter and is prepared to "vigorously litigate if necessary."
Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market.
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