If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.
That's not going to happen, Bitcoin isn't that affected by the whole incident, it's doubtful that we'll see a new bottom for Bitcoin. Thus, there's still a decent chance to see a stop in this bloodbath, it's already looking quite positive, but let's not speculate just yet, it's too early to make accurate assumptions.
It may be just beginning. The incident has not had a strong impact because it may not have fully occurred yet. So far we see only some attacks and accusations. If the attacks escalate into active criminal cases, bans and all-out harassment, the market may react in the most unimaginable way. I believe that right now the conflict has not yet died down and, things are still to come and the worst may await us within a year or so.
I do not think that it would, this ain't even that serious right now, "criminal" case is way too much for something like this. At the very worst case what would happen could be giving them a fine, in turn of many million dollars of course but it's a fine anyway, and Binance will pay it and they will move on, that's all I am guessing it's going to happen.
I understand that people are a bit worried about what's going to happen but that's just not the case in this one. I think it would be important to just let it be for a while, let them handle it between each other and they will come to a conclusion and the problem will be solved. you think Binance wouldn't know what SEC wants, it's a bribe, Binance is billions of dollars worth company, they can handle it.