Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.
Auto Added by WPeMatico
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.
The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins.
Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited.
Bitcoin started March on a positive note, but historically the month has recorded mediocre gains, which could be an early warning sign for crypto investors.
Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum.
Strong inflation data has pulled Bitcoin and select altcoins below their immediate support levels, signaling a few days of corrective action.
BTC and altcoins are pulling back sharply, but is today’s correction a simple lower support retest, or a sign of worse things to come?
Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.
Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market.
Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market.