BNB Don Pass $800 as Fed Rate-Cut Odds Fall; Altcoins, NFTs Dey See Mixed Gains
Cryptocurrency market dey show mixed performance as economists reduce July Fed rate-cut chances, wey make people shift risk enter high-beta assets and NFTs. Binance Coin (BNB) lead gains, cross $800 because of ongoing token burn and strong exchange money, while Bitcoin (BTC) dey near $60,000 and Ether (ETH) steady around $3,500. Altcoins dey move different: Solana (SOL) rise more than 4%, Shiba Inu (SHIB) climb about 6.5%, but Dogecoin (DOGE), Cardano (ADA) and XRP drop 4-5% due to profit-taking. NFT trading volumes rise 18% week-on-week, and average floor prices jump 12%, driven by fresh interest in blue-chip collections. Traders for crypto market talk say lighter US macro data, softer dollar and persistent inflation dey push market, and dem dey watch upcoming CPI releases and Fed minutes for direction. Analysts warn say any hawkish Fed signals fit make crypto market reverse amid high on-chain activity.
Bullish
Di news dey bullish for BNB, cause e highlight strong token burns and exchange revenue wey carry BNB pass $800. Positive momentum for cryptocurrency market, plus risk-on shift join higher-beta assets and NFTs, dey support more upside for BNB. Even though profit-taking affect memecoins and some altcoins, di macro backdrop of dem reduce Fed rate-cut chance and softer dollar still dey maintain buying interest. For short term, BNB break of key resistance fit attract momentum traders, while long term, continuous token burns and healthy exchange performance dey support growth potential.