Binance’s formal settlement with the US Department of Justice (DOJ) marked the end of an era of uncertainty and regulatory scrutiny for the exchange. This solution could turn the tables on many investors who have taken a cautious stance due to regulatory concerns. Experts now expect an increase in investor confidence, which could lead to a solid uptrend in cryptocurrency markets.
After the latest agreement between Binance and DOJ, the cryptocurrency market was affected and recorded a decrease of 1.36 percent. Bitcoin (BTC), one of the leading cryptocurrencies in terms of market cap, has experienced a price drop and is currently trading in a bearish trend at $36,000, which means a price drop of 2.30 percent.
On the other hand, BNB is also trending towards a negative trend and is trading at $238.88, decreasing by 7.62 percent in the last 24 hours. Trading volume for the token increased by $97.57, indicating increased interest for the token. Its market value decreased by 8.07 dollars and was recorded as 36 thousand 325 dollars.
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