Binance CEO Remains Bullish on Crypto After Massive Crash
- Binance CEO Changpeng Zhao is unfazed by the recent cryptocurrency market correction, claiming that it will be nothing more than a blip on the radar in a couple of years.
- CZ also urged investors to control their emotions, suggesting that those who succumb to panic should consider reducing their positions if they cannot handle too much risk.
- The massive selloff was exacerbated by the implosion of Terra, one of the hottest blockchain projects.
- After Binance suspended withdrawals and the Luna Foundation Guard (LFG) deployed all of its Bitcoin reserves, the stablecoin managed to crawl back above the $0.9 mark.
- Tether (UST) surpassed $125 billion in daily trading volume, benefiting from extreme volatility.
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