Binance Withdraws MiCA License Application Amidst Cryptocurrency Market Woes

Binance has withdrawn its application for a MiCA license in Greece.

The move comes as Bitcoin's price continues to struggle, currently sitting at $59,471.95 after erasing more than half its value since the October 2025 peak.

According to market odds, there is a 64% chance of BTC trading below $50,000 before year-end 2026 and a 46% chance of slipping under $45,000.

The price action on the 4-hour chart shows a clear bearish structure with BTC testing the lower Bollinger Band support near $60,384.95, while the EMA50 at $63,467.97 and EMA200 at $67,926.95 act as stacked resistance overhead.