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Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.US President Trump: The US election is full of fraud and theft, and has become a laughing stock around the world.Market news: Multiple explosions were heard in Kyiv, the capital of Ukraine.

Binance Price Predictions: Where Will the BNB Crypto Go Amid SEC Investigation?

Jimmy Khan

Jun 08, 2022 11:58

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As investors respond to an SEC inquiry, Binance (BNB-USD) price expectations are top of mind this Tuesday.


Binance is being investigated by the Securities and Exchange Commission (SEC) for its five-year-old initial coin offering (ICO). Binance may have marketed unauthorized assets as part of the offering, according to new reports. The SEC has been cracking down on initial coin offerings, and it seems like BNB is the next target.


A new article regarding operations on the Binance cryptocurrency market has added fuel to the flames. Between 2017 and 2021, the exchange was allegedly used for "hacks, investment scams, and drug sales," according to the investigation. According to CoinTelegraph, at least $2.35 billion in transactions are associated with these operations.


All of this presents a bleak image for the BNB-USD pair, but let's see what the experts have to say about it!

Price Predictions for Binance

With a one-year price projection of $552.77 per coin, WalletInvestor is at the top of our list.


The next price forecast for BNB is $588.64 a year from now, according to Gov Capital.


With an average estimate of $402.23 for 2023, DigitalCoinPrice rounds up the list of Binance price forecasts.


To put those price expectations in context, Binance is now trading at about $283.


As of Tuesday afternoon, BNB was down 5.4 percent over the previous 24-hour period.

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