BNB Price Stabilizes above $500 as Binance Recovers Stolen Funds

Quick Summary:

Along with a broader market uptick, the Binance coin shows firm stability above $500 as the exchange successfully recovered or froze millions in stolen user funds.

This upswing followed Bitcoin’s attempt to reclaim $60k amid eased selling pressure from the weekend.

BNB price was up 2.6% to $516 during the U.S.trading session on Monday.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaEl Salvador

Topics: Price Analysis Binance (BNB) BNB coin price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 15:18:38 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22035575

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #59

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