Crypto markets mixed as traders digest DOJ action against Binance, CZ

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While the crypto market doesnt have an opening bell like Wall Street, market participants and traders were broadly conscious of the settlement, and rates had currently responded before the press conference by Garland, with Binance Coin (BNB) whipsawing to a 5-month high before backtracking the bulk of its gains and before the press conference even happened. Related: BNB rate pops, then drops, following news of DOJ-Binance settlementDespite the unfavorable news concerning Binance, the exchanges users are not hurrying to leave the platform or from centralized exchanges in basic.+ Crypto is a “real” market post $4 billion settlement+ CZ takes a long-needed Miami vacation a la Arthur+ Market rips greater, ETFs authorized in Jan+ GOP wins 2024 election, crypto laws passedCZ– Ryan Selkis (d/acc) (@twobitidiot) November 21, 2023

Binance exchange, which named Richard Teng CEO on Nov. 21 following CZs resignation, restated the crypto neighborhood sentiment on moving forward.

While the crypto market doesnt have an opening bell like Wall Street, market participants and traders were broadly conscious of the settlement, and prices had actually currently responded before the press conference by Garland, with Binance Coin (BNB) whipsawing to a 5-month high before retracing the bulk of its gains and before the press conference even happened.+ Crypto is a “genuine” industry post $4 billion settlement+ CZ takes a long-needed Miami vacation a la Arthur+ Market rips greater, ETFs authorized in Jan+ GOP wins 2024 election, crypto laws passedCZ– Ryan Selkis (d/acc) (@twobitidiot) November 21, 2023

Binance exchange, which called Richard Teng CEO on Nov. 21 following CZs resignation, reiterated the crypto community belief on moving forward. Were pleased to share weve reached resolution with a number of United States firms associated to their investigations.This enables us to turn the page on a challenging yet transformative chapter of discovering that has actually helped us become more powerful, safer, and a lot more secure platform.– Binance (@binance) November 21, 2023