Binance Coin, Dogecoin & Bitcoin — Asian Wrap 09 Feb

Binance Coin price is facing some selling pressure today, possibly ending a five-day winning streak. Sellers stepped in when BNB was just shy of the $450 price level but have thus far been unable to push Binance Coin below the $400 level.

 

Dogecoin price is coming off of some intense buying pressure that capped off prices levels not seen since January 17, 2022. As a result, a slight pause here should be expected as bulls and bears digest the recent rally. Some profit-taking after a big rally expected, downside risks limited.

 

Wells Fargo believes crypto has risen from virtually zero, and adoption is poised for hitting a hyper-inflection point. The banking giant argues that Bitcoin is in a similar phase as the internet in the mid-to-late 90s. Multinational financial services giant Wells Fargo has a bullish outlook on crypto. 

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