and accusations of assisting money laundering, experienced a sharp surge of 5%.
The boost came from the news that Binance, which for a long time was looking for a gateway to the global payment systems markets, found it in TripleA, a Singapore-based e-commerce company, which has connections to a user base of more than 300 million people through its intermediaries. The news apparently inspired investors to buy so much that it allowed BNB to overcome the important level of $295 per token. This is the same level that the coin was trying, but could not reach again in recent days, breaking through it on the bad news.Nevertheless, after breaking through an important level, the price of BNB did not manage to hold onto it and rushed back under it. In traders' terms, there was a false-break.
It is also noteworthy that the surge in quotes occurred amid the falling off of the rest of the cryptocurrencies after the publication of news about record inflation in the U.S. Inflation is a scary thing but, at the time of writing, Binance Coin has not avoided the terrible fate and also dropped back down.