May 1, 2024

With CZ in Jail, Liquidation of Over $300M Drops BTC Price to $60K

The post While CZ was in jail, liquidation of over $300 million caused BTC price to drop to $60K appeared first on Coinpedia Fintech News

As founder of Binance, Chanpeng Zhao was sentenced to 4 months in prison; The price of BTC and other altcoins has dropped sharply. Amid this legal storm, the cryptocurrency world saw a $322 million liquidation, according to Coinglass.