Post
Topic
Board Altcoin Discussion
Re: SEC lawsuit caused massive market crash
by
o48o
on 11/06/2023, 16:32:30 UTC
I checked the Bitcoin price and did not find a decrease. What is happening is a natural price movement, perhaps due to panic or panic, but the price is in its normal place.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.
Burning it more often then originally scheduled would be another nail for the Binance as that would be market manipulation and even more ammo to SEC. And if i even i know this you can bet that binance advisors would be against that move. If you think that price won't recover without price manipulation, you should definitely sell or short because Binance will be very careful about their next steps as they are preparing for the court. I am just glad that it's one of the few players that has budget to fight.