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.
