Bitcoin

<ul><li>Cryptocurrency market faces volatility due to Binance&#39;s $4.3 billion settlement and CEO&#39;s plea, impacting investor sentiment.</li><li>Bitcoin is currently priced at $36,356.59, with neutral RSI and a bearish MACD, while low Open Interest suggests the potential for a market recovery.</li><li>Divergent trends in futures and spot markets suggest uncertainty, but hope remains for a rebound near crucial support levels.</li></ul>In light of recent developments, the cryptocurrency market, particularly Bitcoin, is undergoing significant volatility. This volatility has been triggered by a major development <a href="https://www.cftc.gov/PressRoom/PressReleases/8825-23" rel="noopener noreferrer nofollow">involving</a> the U.S. Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and the U.S. Treasury as Binance Founder Changpeng Zhao has pleaded guilty to a felony charge.Market analyst CrediBULL had anticipated a more robust response within the green zone. Notably, funding rates momentarily dipped into the negative but have since stabilized, maintaining a low to neutral stance.The current focus is on the lows at 35.5k, with the expectation of establishing a higher low there.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/83a18fffdf114782a6d6e7a7c4a43e54.png" />This turmoil in the cryptocurrency market has erupted <a href="https://www.reuters.com/markets/us/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21/" rel="noopener noreferrer nofollow">following </a>the news of a significant $4.3 billion settlement involving Binance, one of the world&#39;s foremost cryptocurrency exchanges. These events have cast ripples across the crypto landscape, influencing market behavior and investor sentiment.Read full article at<a href="https://cryptotale.org/bitcoins-rollercoaster-ride-market-reacts-to-binance-ceos-guilty-plea/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin's Rollercoaster Ride: Market Reacts to Binance CEO's Guilty Plea

CryptoTale

Alte articole publicate pe 22 nov. 2023

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