Hey everyone,
Right now, there's a significant drop in prices happening alongside Binance closing its regulated payment service called Binance Connect. This was confirmed by Binance's spokesperson to crypto news platform Cointelegraph.
Adding to this, crypto analytics platform Glassnode noted a period of low activity and tiredness in the Bitcoin market, with low volatility and key on-chain indicators showing record lows.
Despite this, #bitcoin is still below the crucial $30,000 price level, with a slight decline over the last day, week, and month. It's at $29,164 as of now.
Taking everything into account, the current situation appears quite calm, but history has shown the crypto market can change rapidly. This might just be a quiet moment before things shake up in one direction or the other.
