He listed five possible pressures on the market, including U.S. ETF outflows and economic uncertainty, and joked that his own purchases may have contributed to the decline.
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Bitcoin fell to $62,006 today, prompting Binance founder Changpeng Zhao (CZ) to comment on the sell-off in the cryptocurrency market. Referring to five possible factors ranging from Anthropic's IPO to the US midterm elections, CZ stated that Binance does not sell cryptocurrencies. Responding to a question about his own transactions, he said, "I didn't sell. I only bought, I made regular purchases every day." CZ added that he has acquired [...] i…
According to ChainCatcher, CZ stated that Binance has not sold any crypto assets; in fact, he recently purchased some. He listed several possible factors contributing to the market downturn, emphasizing that correlation does not equal causation.