Unlike most other major cryptocurrencies that are decisively above their January values in the final month of 2023, BNB has experienced a significant decline due to a barrage of troubling news.
The first major event – and the one that had the starkest impact – came in early June when the Securities and Exchange Commission (SEC) announced it was suing the cryptocurrency exchange Binance.
The announcement sent BNB falling off a cliff, erasing its recent growth and dropping it below January 1 prices. For several months after the news, BNB continued trading mostly sideways and went through several smaller rises and drops until late November.
On November 21, Changpeng Zhao stepped down as CEO of the crypto exchange as part of a settlement with the U.S. government. Since then, BNB has continued trading close to $230, making many investors wonder when and if the cryptocurrency will again enter into a bullish phase.
BNB YTD 价格走势图。
