Standard Chartered Warns: “Bitcoin and Altcoin Decline May Continue After Binance Crisis, This Altcoin Could Be the Winner!”
Photo: Bitcoin Sistemi
The cryptocurrency market faced intense selling pressure following the approximately $6.3 billion security breach targeting Binance. Major cryptocurrencies, particularly Bitcoin and Ethereum, lost value. Sharp Drop in Bitcoin and Ethereum! Following the hack news, sell-offs accelerated in the cryptocurrency market. Bitcoin fell by over 3%, dropping to around $76,000, while Ethereum also fell below $2,200. According to the data, approximately $1.5 billion worth of leveraged positions were liquidated in the market within 24 hours, with the majority of these liquidations consisting of long positions opened with the expectation of an upward trend. Standard Chartered: The Decline May Continue!
Source: Bitcoin Sistemi
