Bitcoin does not react and the market feels the blow to Binance

Bitcoin does not react and the market feels the blow to Binance

Bitcoin fell 3% below $27,000. Ethereum, the second of the cryptocurrencies in market value, falls less and trades around US$1,730, a little better than yesterday.

The cryptocurrencies They remain downward this Tuesday, March 28, after an abrupt drop on Monday -and subsequent recovery- although with values ​​still at high levels for the last few months.

He Bitcoin came to fall 3% below US$27,000. He ethereum The second of the cryptocurrencies in market value, falls less and is trading around US$1,730, a little better than yesterday.

The market moves within the framework of the turmoil in the banking sector in the United States and Europewhere giants of the financial world such as the Credit Suisse and the Deutsche Bank they were in trouble in the last few days.

But it was also shaken after Binance Holdings, the world’s largest cryptocurrency exchange, was sued Monday in Chicago for the United States Commodity Futures Trading Commissionaccused of breaking related trading and derivatives rules.

What will happen to Bitcoin?

Beyond the sudden drop, the popular trader and analyst Rekt Capital considered in the last few hours that the cryptocurrency market is about to leave its problems behind and is about to enter a bullish cycle.

“Next Saturday, the BTC monthly candle will have closed above the downtrend macro to confirm a new bull market,” Rekt Capital commented. For now, Bitcoin finds resistance to take $28,000 as support.

Source: Ambito

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