Binance’s BNB Predicted To Hit New High After Trump’s Oath

The cryptocurrency marketplace is struggling to summation momentum. Most assets are trading successful the reddish zone. The planetary marketplace headdress has fallen 2.9% successful the past 24 hours to $3.41 trillion. Binance’s BNB token follows the marketplace downtrend, dipping 2% successful the regular chats, 4.8% successful the play charts, 2.5% successful the 14-day charts, and 6.5% implicit the erstwhile month. Despite the dip, BNB’s terms is up 127.6% since January 2024.

Source: CoinGecko

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Why Is The Cryptocurrency Market Down?

Source: Pixabay

Binance’s BNB follows the larger marketplace correction. The latest dip was apt owed to better-than-expected jobs information successful the US. The improvement has formed a shadiness connected the anticipation for an aboriginal involvement complaint chopped this year.

The marketplace faced different correction successful December 2024, pursuing the emergence successful ostentation figures successful the US to 2.7%. The Federal Reserve announced lone 2 involvement complaint cuts successful 2025 alternatively of three.

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BNB To Hit A New All-Time High?

The cryptocurrency marketplace is expected to regain momentum aft Donald Trump’s inauguration and oath connected Jan. 20, 2025. Trump’s pro-crypto stance whitethorn trigger different market-wide rally. BNB and different cryptocurrencies could deed caller highs aboriginal this month.

According to CoinCodex, Binance’s BNB volition emergence to a caller all-time precocious of $824.32 connected Jan. 25, 2025. Hitting $824.32 from existent terms levels volition entail a rally of astir 21.2%.

Source: CoinCodex

There is besides a anticipation that BNB volition consolidate astir existent levels and not rally. Crypto investments person importantly declined implicit the past fewer weeks. Market participants whitethorn beryllium weary astir putting their wealth successful risky assets, fixed that the Fed whitethorn not present an involvement complaint chopped anytime soon.

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How BNB performs implicit the adjacent fewer weeks is yet to beryllium seen.