Binance Coin (BNB) price must see quite a few crypto traders puzzled this morning when looking at the charts. With several cryptocurrencies slipping lower, the risk is increasing that cryptocurrencies are lagging on the overall market reaction in the wake of the strong US job numbers. A catchup is due, and if the sell-off in the bond market is any guide this morning, BNB is set to drop below $300 as the US Goldilocks scenario is again being shelved for a few weeks.
Ethereum (ETH) price is trading quite flat as markets are moving across the board on the back of the big surprise out of the US jobs report last Friday. With a very steep inclination in people added and wages still gradually rising, the inflation in the US is changing from a supply chain-driven inflation to a demand-driven inflation with a higher paid working force still growing by the month. Add to that the cold war risk after the US shot down the Chinese balloon over the weekend and a nearby second Russian offensive in Ukraine spells trouble for traders ahead, with ETH set to tank back below $1,300.
Elon Musk’s Twitter is working on adding payment features to the social media platform. Mask Network (MASK), which enables users of popular social media apps like Twitter to send crypto to dApps without leaving the platform, yielded 87.6% gains in the 30 day period from January 7, as MASK holders anticipated the token’s utility for crypto payments on Twitter.
