<ul><li>Binance turmoil triggers significant crypto retraction as BNB falls 15%, while FTX&#39;s FTT gains 7%, signaling strategic trader shifts.</li><li>Zhao&#39;s exit from Binance stirs the market, influencing BTC and ETH trends while trader sentiment sways between &#39;Buy the Dip&#39; and &#39;Major FUD.&#39;</li><li>Despite Binance&#39;s shakeup, traders hold onto BNB, hoping for a short selling rebound, highlighting the crypto market&#39;s complex dynamics.</li></ul>The cryptocurrency market is currently witnessing a significant retracement this year, with one of the main contributing factors being the recent news of Binance CEO Changpeng Zhao, resigning from his position. Despite the widespread belief that the <a href="https://cryptotale.org/?s&#61;Binance" rel="noopener noreferrer nofollow">Binance</a> case is primarily responsible for the market downturn, data reveals that altcoins had already witnessed a decline in their market caps before this development.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/56b8eb90338f4b11ad3bd5f9ecf8de35.png" />According to Santiment, a behavioral analytics firm, there has been a noteworthy shift in trader sentiment and strategy within the crypto community. Reportedly, some traders are moving their investments from Binance&#39;s BNB to FTX Official&#39;s FTT token, resulting in a 7% increase in the latter.Read full article at <a href="https://cryptotale.org/binance-ceo-steps-down-triggers-crypto-market-unrest/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance CEO Steps Down, Triggers Crypto Market Unrest

CryptoTale

Alte articole publicate pe 22 nov. 2023

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