For the last two days, there has been a continuous fall in the BNB coin price, and I believe the primary reason behind this fall is because of the European market news. As per the latest update, it is anticipated that the exchange is going to lose the permission to operate in that market; however, they have submitted their application for the permission, but this has not been granted to them till now, and still there is no clarity on whether they are going to get it real soon.
When any market is impacted, an exchange is not able to operate in that particular market, then it is obvious that the community is going to be worried, and people who are holding the coin in that particular market will start panic selling. Regulation is such a tricky part in the crypto market where a lot of countries are still in a stage where they are not allowing many exchanges to operate Or if they are allowing then also they are putting the kind of conditions which are really tough to maintain.
If you look at the price chart above you'll be able to see that the current price is below 550 US dollars and the trend is down this time so maybe we can see further drop coming to the price in coming days however it's a market and we don't know how things are going to happen is the news and overall market sentiments.
I just hope that things get better and we get to see some good value appreciation coming to the coin. However, I also believe that, considering the exchange adoption and the overall market, I believe things are going to be good in the long term, and this turbulence will also stop, which is just a matter of time, so we need to have some patience and wait for the right time.
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