Market conflicts do not affect cryptos badly
The most important agenda item in the crypto markets recently is the lawsuit filed against Binance and its CEO, CZ.
The repercussions of the lawsuit filed by the US Commodity Futures Trading Commission (CTFC), which has become the main agenda of the crypto money market, against Binance and its CEO, CZ, continue. CFTC President Rostin Behnam made a statement on the subject and in his statement; He stated that the case requires urgent intervention, that Binance is tax evasion, that this is a clear fraudulent activity and that they will defend it in court. In response, Binance CEO CZ stated in his posts that the case was unexpected and disappointing.
Market developments do not affect cryptos hard
In the previous periods, there were sharp pullbacks in Bitcoin with the Terra-Luna and FTX crises in the crypto market. Although the lawsuit against Binance caused minor pullbacks, no sharp price movements took place. This morning, Bitcoin has increased by around 3% to $28,070, while Ethereum is up around 2% to $1,806.
Looking at the macro agenda, although the CB Consumer Confidence surpassed market expectations and reflected positively on the US stock markets, the statements of the officials in the US Senate Banking Committee about banks in trouble and the statements of US President Biden that the banking crisis is not over yet had a negative impact on the markets.
