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min read ▪ by
It only took one name, Trump, and one context, the Middle East, to tilt the crypto world. As bombs explode, prices collapse. Bitcoin briefly plunged below $100,000, triggering a wave of panic. In this turmoil, BNB couldn’t resist. Analysts expected a technical rebound with the Maxwell hard fork. Result: carnage. The market shook up all predictions.
In Brief
- BNB dropped 6% in a week, despite the approaching Maxwell hard fork.
- Tensions in the Middle East heavily weigh on crypto assets like BNB.
- Binance Chain improves its speed, but the market seems to ignore these technical advances.
Crypto in the Red Zone: Geopolitics Shake BNB
The BNB price dropped to $607.91, a 6% loss over the week, including 4% in the last 24 hours. This plunge occurs as Binance is about to launch the Maxwell update. Scheduled for June 30, it was meant to enhance the speed and stability of the network. But the global context took over.
In the sights: the oil price surge linked to tensions between the United States, Iran, and Israel. According to Oxford Economics, “a halt in Iranian oil exports or the closure of the Strait of Hormuz could push the barrel up to $130” (Reuters). This oil shock would push U.S. inflation toward 6%, dashing any hopes of rate cuts this year.
And on the crypto market, the consequences are immediate. A volume peak of 4,222.99 BNB coincided with a rapid drop to $638, reports CoinDesk. This technical threshold did not hold. Sellers took over. Meanwhile, BNB Chain stays the course: Maxwell is not just about more speed. It’s a more resilient, higher-performing network, ready to scale.
Hard Fork Maxwell: A Technical Update, But a Price Decline
On paper, Maxwell has everything to please. It includes three major updates:
- BEP-524: Reducing block time to 0.75 seconds;
- BEP-563: Better communication between validators;
- BEP-564: Smarter synchronization logic;
The goal? Faster transactions and smoother network flow. And the numbers followed: daily transactions on Binance Chain jumped from 8 to 17.6 million since mid-May (DeFiLlama). Everything indicated a rise in power. Except reality made its own decision.
Users panic. Investors sell. Technical discourse is no longer enough. In a tweet, BNB Chain warns:
Faster blocks = shorter time windows. If your application derails, the problem probably isn’t Maxwell, but the assumptions in your code.
While BNB wavers, a glimmer appears on the horizon. A recent projection from Standard Chartered estimates that BNB could climb to $2,775 by 2028. Until then, the rollercoaster continues. Patience and composure will be your best allies.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
