How low can the Bitcoin price go?
How low can the Bitcoin price go?
Thanks to regulatory enforcement action by the United States Department of Justice, largest global exchange Binance is in line for a major fine. Its CEO, Changpeng Zhao, informally known as CZ, will be forced to quit his post and may even face jail time.
This was a watershed moment for one of the crypto industry’s household names, and markets reacted with arguably understandable concern.
BTCUSD
fell to $35,600, per data from Cointelegraph Markets Pro and TradingView — its lowest levels since Nov. 16 — before rebounding thanks to short positions closing.
Thanks to regulatory enforcement action by the United States Department of Justice, largest global exchange Binance is in line for a major fine. Its CEO, Changpeng Zhao, informally known as CZ, will be forced to quit his post and may even face jail time.
This was a watershed moment for one of the crypto industry’s household names, and markets reacted with arguably understandable concern.
BTCUSD
fell to $35,600, per data from Cointelegraph Markets Pro and TradingView — its lowest levels since Nov. 16 — before rebounding thanks to short positions closing.
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