Greed

Bitcoin

Gary

Shiba Inu

<p>The crypto market is red sad. On the other hand, the DOJ, SEC, CFTC, Gary Gensler, and crypto regulators in Washington, D.C., are having a party. Today, the crypto market is down as a slew of imminent regulatory enforcement events weigh on Bitcoin, Ether, and other altcoins, led by Binance’s BNB.&nbsp;</p>
<p>On Nov. 21, the BNB price reached a five-month high of $271, following reports from The Wall Street Journal and others that the US Department of Justice (DOJ) planned to announce a $4.3 billion settlement with Binance. However, all those wins are gone.</p>
<h2 class="wp-block-heading" id="crypto-markets-breathe-red">Crypto markets breathe RED!!</h2>
<p>&nbsp;According to Coin Gecko, the global crypto market cap is $1.41 trillion today, a -3.81% drop from the day before and a 72.08% change from a year ago. Bitcoin (BTC) currently has a market cap of $709 billion, reflecting a 50.24% domination. Meanwhile, the market cap of stablecoins is $128 billion, accounting for 9.1% of the total crypto market cap.</p>
<p>The Wall Street Journal and Bloomberg reported on Nov. 21 that the DOJ was expected to announce enforcement charges linked to Binance at 3:00 p.m. Eastern Time (8:00 p.m. UTC) on Nov. 21. The DOJ initially indicated that serious steps would be taken against the crypto sector, but the message was vague.</p>
<p>Well, these are no longer bad reports, and crypto members cannot get by wishful thinking. Binance has agreed to pay $4.3 billion to settle the charges, resulting in “one of the largest penalties” imposed by the US on a business defendant.&nbsp;</p>
<p>Changpeng <a href="https://www.cryptopolitan.com/crypto-reacts-to-cz-stepping-down-legendary/" rel="noopener noreferrer nofollow">“CZ”</a> Zhao, the company’s founder and CEO, pled guilty to his own charges and agreed to pay a $50 million fine at his arraignment in Seattle.</p>
<p>On November 20, the SEC filed a complaint in federal court in San Francisco alleging that crypto exchange Kraken is operating a platform that illegally encourages the buying and trading of cryptocurrency.</p>
<p>Market sentiment soared due to expectations of a likely spot Bitcoin exchange-traded fund (ETF) approval in November. However, the SEC delayed it on Nov. 17. The enthusiasm contributed to Bitcoin’s price reaching an 18-month high above $38,000. However, the excitement is fading, with the price of Bitcoin falling on November 21.</p>
<h2 class="wp-block-heading" id="bnb-takes-in-heavy-losses">BNB takes in heavy losses</h2>
<p>On Nov. 21, the BNB price reached a five-month high of $271 on reports that Binance had struck a $4 billion settlement with the DOJ. <a href="https://www.cryptopolitan.com/richard-teng-takes-over-binance-from-cz/" rel="noopener noreferrer nofollow">BNB</a> is now trading at $226, down nearly 11%. The 24-hour trading volume for BNB is $3,394,810,038.41.&nbsp;</p>
<p>This indicates a -10.42% drop in the last 24 hours and a -6.26% drop in the last 7 days. With a circulating circulation of 150 million BNB, BNB has a market capitalization of $34,745,383,846.</p>
<p>At the time of writing, <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow" target="_blank">Bitcoin’s</a> price sits at $35,859.74, with a 24-hour trading volume of $26,090,332,781.54. This indicates a -4.04% decrease in the last 24 hours and a 1.12% gain in the last seven days. Bitcoin has a market cap of $701,030,536,469.</p>
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   <p lang="en" dir="ltr">Bitcoin Fear and Greed Index is 62 – Greed<br>Current price: $35,814 <a href="https://t.co/wj3OwLzFt5" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/wj3OwLzFt5</a></p>— Bitcoin Fear and Greed Index (@BitcoinFear) <a href="https://twitter.com/BitcoinFear/status/1727114704441786783?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">November 22, 2023</a>
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<p>Additionally, Ethereum’s (ETH) price is $1,947, with a 24-hour trading volume of $21,153,735,700.45. This indicates a -3.71% drop in the last 24 hours and a -1.68% drop in the previous 7 days. Ethereum has a market valuation of $233,608,726,069.&nbsp;</p>
<p>Dogecoin (DOGE) is currently trading at $0.072372 with a 24-hour trading volume of $1,200,299,761.88. This indicates a -7.19% drop in the last 24 hours and a -0.15% drop in the last 7 days.&nbsp;</p>
<p>Shiba Inu (SHIB) is trading at $0.00000780 today, with a 24-hour trading volume of $226,708,064.88. This indicates a -7.83% drop in the last 24 hours and a -6.58% drop in the last 7 days.</p>
<p>Solana (SOL) is trading at $52.67 today, with a 24-hour trading volume of $2,571,055,229.43. This indicates a -7.53 % drop in the last 24 hours and a -7.35% drop in the last 7 days.</p>
<p>Today’s Ripple (XRP) price is $0.583055, with a 24-hour trading volume of $1,523,879,329.52. This indicates a -5.20% drop in the last 24 hours and a -7.38% drop in the last 7 days.</p>

Why is the crypto market down today? BNB leads in loses

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