BNB below $600

Yesterday, I talked about global news about the Binance Exchange, where it is expected that the exchange might lose the permission to operate in the European market, and because of this news, we can see the impact on the BNB coin price. Yesterday the price was more than $600, but now today things are not the same, and currently it is trading below the $600 price mark, which I think is pretty low.

Please note that this is the same coin which for almost 1300 US dollars within this year, and now things have gone to a different direction, and the price is really low, that it is trading below $600. market, you'll never know what things are going to be like and what will impact the price, and that is why the market is considered volatile, where news can be one of the important components.

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I think the price is going further down, but you never know if any negative news comes up, then surely we will see the impact coming to the price, so now it is completely dependent upon the outcome of the European market permission, which, in case the exchange gets it, will add value, else it will not.

I see that the exchange itself has published a notice on their website saying that they are still compliant with the process and they will continue to operate in the country, so let's see how it turns out and whether this will work in favour of the exchange. So we have to wait and watch the entire scenario.

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