BNB Price Spikes and Retreats on Rumors of Binance's DOJ Settlement
- BNB price spiked to 5-month high of $271.90 following news of potential DOJ-Binance settlement
- Reported $4.3B settlement would end DOJ case if Binance founder steps down as CEO
- BNB rally quickly reversed as additional settlement details emerged
- Crypto markets typically react negatively to enforcement actions
- BNB price retraced majority of intra-day gains, signaling "buy the rumor, sell the news"