The cryptocurrency market experienced selling pressure following a hawkish speech by Federal Reserve Chair Jerome Powell. Bitcoin dropped to $100,000, and major altcoins, including Binance coin (BNB), also corrected. However, there is potential for a quick rebound in BNB due to a bullish reversal pattern and the launch of the Osprey BNB Chain Trust, the first publicly quoted fund in the US based on BNB. The trust offers a structured investment vehicle for exposure to BNB. If the current correction holds support, BNB could rally to $1,200, a 72% upside from current levels. A breakdown below $690 could invalidate the bullish thesis.



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