Don't have enough of a clue but what I'm reading is that Binance is under pressure from the USG to tank XMR and that they also want to do so because they don't have reserves to back their account holders' holdings. But who the eff knows really. Right now it seems to be hanging tough around USD120 which is well off the low of less than USD100.
R@Royboy99:
I invite anyone interested to read my latest review on CG… (wrong vendor identified earlier today it was CG not PD), mods contacted to delete erroneous post, bad case of the oh fuck tonight … but corrected to give credit to whom it was due, nothing against PD… just a mistake on my part … and wanted to give credit to whom it was due