[BNB open interest nears $400 million as bulls step in](https://www.fxstreet.com/cryptocurrencies/news/bnb-open-interest-nears-400-million-as-bulls-step-in-202309010134) Binance Coin (BNB) price shows signs of an impending short-term uptrend as the network continues to navigate uncertainties associated with regulatory clampdown.Noteworthy, the largest cryptocurrency exchange by trading volume continues to contend with the US Securities and Exchange Commission (SEC), Commodities and Exchange Commission (CFTC), and the Department of Justice (DOJ).[Bitcoin price dips 7% as SEC delays seven spot BTC ETF applications](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-drops-as-sec-delays-seven-spot-btc-etf-applications-202309010020) Bitcoin (BTC) price has whiplashed all the ground covered during the August 29 rally when Grayscale asset manager’s news catalyzed an impulse to drive the market north.In the latest development, the market value of the giant crypto has dipped and the US Securities and Exchange Commission (SEC) takes blame.
[Ethereum records more long-term holders than Bitcoin in 2023, on-chain data](https://www.fxstreet.com/cryptocurrencies/news/ethereum-records-more-long-term-holders-than-bitcoin-in-2023-on-chain-data-202308311852) Ethereum (ETH) price has shown a significant correlation with Bitcoin (BTC) price, tracing almost similar price actions with momentum indicators also aligning.
A closer look, however, reveals that ETH has outranked BTC on several metrics, particularly where large holders or whales are concerned.Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.You should do your own thorough research before making any investment decisions.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [BNB open interest nears $400 million as bulls step in](https://www.fxstreet.com/cryptocurrencies/news/bnb-open-interest-nears-400-million-as-bulls-step-in-202309010134) [](https://www.fxstreet.com/cryptocurrencies/news/bnb-open-interest-nears-400-million-as-bulls-step-in-202309010134) Binance Coin price shows signs of an impending short-term uptrend as the network continues to navigate uncertainties associated with regulatory clampdown.Noteworthy, the largest cryptocurrency exchange by trading volume continues to contend with the US SEC, CFTC, and the Department of Justice.
[More Binance Coin News](https://www.fxstreet.com/cryptocurrencies/news?q=BinanceCoin) [Bitcoin price dips 7% as SEC delays seven spot BTC ETF applications](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-drops-as-sec-delays-seven-spot-btc-etf-applications-202309010020) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-drops-as-sec-delays-seven-spot-btc-etf-applications-202309010020) Bitcoin price has whiplashed all the ground covered during the August 29 rally when Grayscale asset manager’s news catalyzed an impulse to drive the market north.In the latest development, the market value of the giant crypto has dipped and the US Securities and Exchange Commission (SEC) takes blame.[More Bitcoin News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Bitcoin) [Grayscale Bitcoin Trust to readjust fees if SEC approves its spot BTC ETF applications](https://www.fxstreet.com/cryptocurrencies/news/grayscale-bitcoin-trust-to-readjust-fees-if-sec-approves-its-spot-btc-etf-applications-202308312119) [](https://www.fxstreet.com/cryptocurrencies/news/grayscale-bitcoin-trust-to-readjust-fees-if-sec-approves-its-spot-btc-etf-applications-202308312119) Grayscale asset management firm recently won in its months-long case against the US SEC.The judge determined that the regulator reviews its previous rejection of Grayscale’s application to have its Bitcoin Trust (GBTC), which is worth $17 billion, converted to a physically backed Exchange-Traded Fund (ETF).
[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news) [Ethereum records more long-term holders than Bitcoin in 2023, on-chain data](https://www.fxstreet.com/cryptocurrencies/news/ethereum-records-more-long-term-holders-than-bitcoin-in-2023-on-chain-data-202308311852) [](https://www.fxstreet.com/cryptocurrencies/news/ethereum-records-more-long-term-holders-than-bitcoin-in-2023-on-chain-data-202308311852) Ethereum (ETH) price has shown a significant correlation with Bitcoin (BTC) price, tracing almost similar price actions with momentum indicators also aligning.A closer look, however, reveals that ETH has outranked BTC on several metrics, particularly where large holders or whales are concerned.[More Ethereum News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ethereum) [Bitcoin: BTC history forecasts another crash in Q3 ahead of Jackson Hole Symposium](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-history-forecasts-another-crash-in-q3-ahead-of-jackson-hole-symposium-202308251353) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-history-forecasts-another-crash-in-q3-ahead-of-jackson-hole-symposium-202308251353) Bitcoin price shows a slow sideways movement around the $26,000 level after an outburst of volatility on August 17.This sideways movement could face a further decline should history rhyme.
[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-history-forecasts-another-crash-in-q3-ahead-of-jackson-hole-symposium-202308251353).
