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“Possible $4B Civil Settlement in US Sparks Rise in BNB and Bitcoin Prices on Binance” .

The price of BNB has gone up by 6. 4% in the last day and is now about $262. This happened because people think that the charges against BNB by the DoJ will be finished by the end of this month.

During the recent altcoin recovery, Binance’s coin BNB has also gone up in value, which is good news. This means that the situation where BNB could have lost value like FTX did, is no longer a concern. Binance is a big cryptocurrency company. They have put a lot of money into Bitcoin and the web3 system. They might make an agreement with the United States, according to a report from Bloomberg News. Allegedly, the government is talking with Binance’s lawyers to work out a deal for the criminal charges. The Department of Justice is looking to reach an agreement with Binance for about $4 billion, which would be the biggest settlement in the cryptocurrency world.

Binance’s co-founder and CEO Changpeng Zhao has been hinting at something important, possibly a business deal or the fact that BNB is now the fourth most valuable cryptocurrency. In any case, the agreement could be a big help for Binance in the United States because legal problems have been slowing down its growth there.

Binance, What Could Happen, and What the Market Might Look Like

US regulators have not been clear about making rules for cryptocurrencies, even though other places have. With the upcoming presidential elections, it is expected that cryptocurrencies will be an important issue for the next president. Furthermore, over 50 million Americans have put money into digital assets, and more plan to get into the new industry after Bitcoin and Ethereum exchange-traded funds are approved.

In this context, Binance wants to compete in the US market, which has a lot of global economic power. CZ says that Binance has enough money and doesn’t owe any loans to anyone. The BNB coin is becoming popular with big investors who want to spread out their investments from just Bitcoin and Ethereum. It’s used to pay fees for transactions on Binance’s blockchains.

Our recent market information shows that the price of BNB has been staying at around $262 in the early Asian market on Tuesday, and the buyers are in charge. From a technical perspective, the price of BNB on the weekly chart was showing a possible death cross between the 50 and 200 Moving Averages (MA). However, this may not happen if the altcoin consistently closes above $260 in the next few days. At this moment, the price of Bitcoin has gone up by 1 percent in the last day and is now trading just above $37,300.

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