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Bitcoin prices fell on Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Notably, BNB, the native token of the world\u2019s largest cryptocurrency exchange Binance, added to its weekly drop after the company announced the closing of its cryptocurrency payment service Binance Connect. Investor concerns remained on edge following Fitch Ratings\u2019 downgrade warning<\/a> on Tuesday for dozens of major U.S. banks including JPMorgan.\u00a0<\/p>\n See related article: <\/em><\/strong>TradFi has its eyes on crypto, and here\u2019s the real reason why: Opinion<\/a><\/p>\n Bitcoin dropped 0.69% to US$29,160 in the 24 hours to 4 p.m. in Hong Kong, bringing its weekly losses to 2.18%, according to CoinMarketCap data<\/a>. Bitcoin has been trading below US$30,000 since last Wednesday. The world\u2019s biggest cryptocurrency\u2019s trading volume gained 8.71%, but its market capitalization lost 0.84% to US$567.23 billion in the past 24 hours.<\/p>\n \u201cBitcoin\u2019s earlier reputation as a highly volatile asset attracted traders who thrived on rapid price swings. With the decrease in volatility, such opportunities for substantial short-term gains have become less common,\u201d said Nigel Green, founder and chief executive officer of financial management group deVere, in an emailed statement on Monday.\u00a0<\/p>\n \u201cFor investors who thrive on volatility, the calmer waters of the Bitcoin market can feel limiting. They must adapt their strategies to the new normal, focusing on longer-term trends and holding positions for extended periods,\u201d Green added.\u00a0<\/p>\n BNB, the native token of the largest crypto exchange Binance, fell 1.92% to US$234.66, logging a 4.17% weekly decline. Binance said<\/a> it will shut down its cryptocurrency payment service Binance Connect on Wednesday, due to \u201cchanging market and user needs.\u201d<\/p>\n Binance filed<\/a> a protective court order against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking to restrict the agency\u2019s \u201coverbroad\u201d requests for information. The SEC sued<\/a> Binance, its U.S. platform, and Chief Executive Officer Changpeng Zhao in June for alleged breach of securities laws.<\/p>\n The total crypto market capitalization fell 1.31% to US$1.16 trillion, while market volume climbed 22.48% to US$32.08 billion.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin prices fell on Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Notably, BNB, the native token of the world\u2019s largest cryptocurrency exchange Binance, added to its weekly drop after the company announced the closing of its cryptocurrency payment service Binance Connect. Investor concerns remained on edge […]<\/p>\n","protected":false},"author":2,"featured_media":137812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-137811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137811"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137811\/revisions"}],"predecessor-version":[{"id":137813,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137811\/revisions\/137813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137812"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin dips; Binance faces heat<\/strong><\/h2>\n