Market decline

Binance CEO Responds to Decline in Crypto Market on Twitter by CoinQuora

Binance CEO Responds to Decline in Crypto Market on Twitter

  • Changpeng Zhao (CZ) reacted to the latest crypto market drop via tweet
  • The top 100 cryptocurrencies saw a market drop of -10% to -20%
  • The 3 major currencies, BTC, ETH and Binance continue to hold the fort.

The crypto market is on a downtrend, an event that caused Binance CEO Changpeng Zhao (CZ) to react in a tweet:

Changpeng Zhao also added that his statement in the tweet was not financial advice. Traders and investors must continue to exercise due diligence to avoid unexpected losses that cannot be recovered.

In the last few hours, the crypto market has shocked investors again not because of its uptrend but because of its sudden drop. To be precise, the top 100 cryptocurrencies on CoinGecko have seen a drop of -10% to -20% in the last hour. Indeed, an event that could cause FUDs among global crypto investors.

In terms of market position, the crypto world has a market capitalization of almost $ 2,000 billion. Notably, the crypto space is strong and will not be easily destroyed by sudden market drops. As such, traders and investors should not lose confidence when it comes to a sudden drop in the market. This is a normal phenomenon in the crypto space.

Today, the king of cryptocurrency, remains in the lead with a trading price of over $ 56,000. Additionally, follows with a trade price of over $ 2,200 and Binance comes down to $ 473 per crypto. These top 3 cryptocurrencies remain strong despite the recent market downturn inside the crypto market. Truly, an outstanding performance in the crypto space.

This article first appeared on coinquora.com

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