Warning: Bitcoin

[francesmacdonell]

<br> Binance and its CEO Changpeng Zhao have been accused of violating US securities rules by the US Securities and Exchange Commission (SEC). Zhao denied the charges on Twitter, saying his team would review the allegations. This has caused a drop across the global cryptocurrency market, with Binance and its CEO Changpeng Zhao both being sued by the SEC for regulatory violations. Securities and Exchange Commission (SEC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao, alleging they evaded U.S. Bitcoin Pizza Day marked the beginning of the real-world value of cryptocurrencies beyond a speculative nature, showcasing Bitcoin’s potential to be used as a medium of exchange, challenging traditional fiat currencies’ notion. To be clear from the start, your $1,000 trade using 125x leverage means the value of your trade is $125,000 and both your gains and losses will reflect this value. If Bitcoin manages to clear the $28,500 resistance level, it could continue to rise.<br>
<br> Today, interest in cryptocurrency seems like it’s only continuing to rise among seasoned investors and newcomers alike. A rise in trade volume is a key indicator for meme cryptocurrencies because it shows that interest in the project has not waned and that people are still eager to invest in it. The total crypto market capitalization rose 0.06% in the past 24 hours to US$1.18 trillion, while trading volume rose 30.09% to US$37.11 billion. The total volume in DeFi was 6.83% of the total crypto market 24-hour volume, with the volume of all stablecoins at $30.6bn, equivalent to 91.07% of the total crypto market 24-hour volume. BTC fell 0.71% to $27,805, with volume at approximately $12.73 billion. The global crypto market cap was down 0.43% at around $1.16 trillion, while Bitcoin’s market cap was around $539 billion, with dominance currently at 46.54%. Experts predict that if BTC does not break above $28,300, investors may engage in short selling targeting a drop to $27,500 and potentially further to $27,000<br>>
<br>> Other currencies such as Dogecoin and Litecoin also surged by over 4%. Although crypto fear and greed index regained its position in the neutral zone by climbing 9 points since yesterday, BTC may face strong resistance near the $27,400 level and support around the $26,400 level, according to experts. The US SEC’s recent crackdown on Binance and Coinbase sparked fear in the markets, with top altcoins declining by over 10% in the past week. The lawsuit against Binance marks the latest development in the SEC’s crackdown on the crypto industry. Nearly $172 million exited from global exchange-traded products tracking everything from Bitcoin to Cardano in the first six months of 2023 amid an industry wide rally, following outflows of just $37 million in 2022. That compares to record cash inflows of nearly $10 billion in 2021 and $6.7 billion in 2020, Bloomberg data show. Cryptocurrency markets rose ahead of the release of US non-farm payroll data<br>>
<br>> Cryptocurrency markets rose on Tuesday ahead of key US inflation data and a two-day Fed monetary policy meeting, with Bitcoin up 0.91% to $26,100 and Ethereum above $1,750. Bitcoin continued to trade near its two-month low of Tuesday morning. You can easily navigate the pages to buy, sell, or trade several top cryptocurrencies, including buying Binance Coin. At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Proponents assert that is more beneficial to miners because it computes and adds a typical transaction fee to the standard block rewards, making the total payout higher compared to normal pay-per-share (PPS) payout. Stablecoins hold a volume of $31.64 billion, representing 92.6% of the total crypto market’s 24-hour volume. DeFi volume currently represents 8.67% of the total crypto market 24-hour volume, while stablecoins account for 92.65%. Despite the neutral sentiment shown by major market oscillators, investors are waiting for a significant narrative to emerge, and the cryptocurrency market is likely to remain sluggish. The total volume in DeFi was around 1.73 billion. The total volume in decentralized finance (DeFi) is currently $2.15 billion, and the total volume of all stablecoins is $27.55 billion, which represents 7.18% and 91.94% of the total crypto market 24-hour volume, respectively<br>>

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