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Binance CEO Isn’t Going to Let BTC Hit $0

 
Binance CEO Isn’t Going to Let BTC Hit $0
Exchanges / Breaking News / Bitcoin
  • Over the past seven days, we have seen the price of Bitcoin plummeted to levels not seen since the lows of crypto winter in 2018. 
  • With this in mind, people and investors talking about the end of crypto and the death of bitcoin were bound to happen.

Over the past seven days, we have seen the price of Bitcoin plummeted to levels not seen since the lows of crypto winter in 2018. With this in mind, people and investors talking about the end of crypto and the death of bitcoin were bound to happen.

There are many analysts out there that believe this market slump occurred due to the PlusToken scam whereas others put it down to the outbreak of coronavirus.

Despite many enthusiasts all over the world being concerned about the outbreak and the value of crypto, the CEO of Binance, Changpeng Zhao has said that he won’t let the leading cryptocurrency go to $0.

Some people have taken this to mean that Zhao is planning to manipulate the state of the market if things start to go sour.

Binance has been involved in manipulation as the platform has recently been helping out Justin sun in his takeover of Steem.

In an open letter, Binance said, “we sincerely apologise for the recent situation involving STEEM, which stemmed from miscommunication about the specifics of the blockchain’s upgrade/hard fork.”

For more news on this and other crypto updates, keep it with CryptoDaily!

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