Binance announced they would be closing the door to U.S. customers back on June. U.S traders still have access to their funds but will no longer be able to deposit or trade on Binance.
Changpeng Zhao, CEO of Binance, also announced their plans to launch a ‘Binance US’, a platform especially designed for U.S. customers and fully regulated.
Binance Coin has suffered quite a bit lately after a bull break out rejection. It’s quite possible for BNB to experience a sell-off today.
The daily chart was recently in an Equilibrium Pattern which broke bullish but couldn’t break above the 12-day EMA. In fact, the bulls attempted to break above the EMA twice and were completely rejected. The trend is currently looking to switch bearish and confirm a daily downtrend.
It’s also worth noting that Bitcoin also experienced a similar crash recently and has been unable to continue its daily uptrend.