There was a sudden drop in the price of Bitcoin (BTC) in the evening, and the world's largest cryptocurrency lost approximately 2% in minutes.
The source of the decrease was the claim of the news source Semafor, which came to the agenda with the funding it received from FTX and later announced that it returned these funds.
Semaphor said that the US Department of Justice is considering filing a fraud charge against Binance, but is working on softer options to avoid a situation similar to FTX as a result.
It is observed that the price drop in BTC coincides with Semafor's claims about Binance, and the main source of the decrease is very likely this claim. There is no development yet regarding the accuracy of this news, which Semaphore based on its own sources, which it did not name.
BTC price dropped below $29,000 with a sudden drop from $29,300 after the allegations were made, but it is currently trading at $29,134 with its partial recovery.
A few hours ago, the Binance CEO probably knowing about this event, tweeted the “4” of his own derivation as an anti-FUD phrase.
*Not investment advice.
