News

Cryptocurrency Prices And News: Cryptocurrency Retrenchments, Money Laundering Probe on Binance

Cryptocurrency Prices And News: Cryptocurrency Retrenchments, Money Laundering Probe on Binance

The top cryptocurrency exchange Binance is being investigated by a group of American senators for a variety of claimed illegal activities, including money laundering and evading American regulators, which led to a decline in cryptocurrency prices on Friday. Following the report, bitcoin and ethereum both decreased by more than 4% overnight. Cryptocurrency Price Action Following the Binance announcement, bitcoin fell to $22,000 overnight before rising to $22,400 by midday on Friday. Prior to the late-night statement on Thursday, it traded for about $23,400. Bitcoin hit a peak of $25,000 on February 21 and has since dropped to under $24,000, surpassing its previous high from August to trade at its best level since June 13. In the wake of the FTX collapse in early November, the biggest cryptocurrency in the world has increased by about 35% so far this year. After falling below $1,550 overnight, the price of ethereum rose back to $1,572 on Friday. Thursday morning saw a record price for ethereum of $1,677. The second-place cryptocurrency has increased by 31% so far this year. Bitcoin Price $22381.70 Ethereum Price $1570.78 Tether Price $1.00 BNB Price $290.64 XRP Price $0.38 Cardano Price $0.34

Leave a reply