Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

Others looked beyond the Binance story to call for the broader risk asset environment to improve in the coming months.Among them was Arthur Hayes, former CEO of derivatives exchange BitMEX, who in a reaction suggested that sub-par crypto performance was tied directly to activity within the U.S. economy.about what would happen to crypto prices for the rest of 2023.

"The market is down on some binance FUD. But regardless of the catalyst, risk mrkts r on edge cause of the TGA refill," he"By end of summer the mrkt will move past that and onto the lg amt of money printing humming along in the background.", crypto long traders saw liquidations, which totaled just shy of $300 million on June 5.This article does not contain investment advice or recommendations.

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came from a knee-jerk market reaction to the news that the SECGov was suing binance and its CEO, cz_binance.

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