BTC is not done dipping, say traders as Binance-fueled liquidations cost $300 million.
Others looked beyond the Binance story to call for the broader risk asset environment to improve in the coming months.Among them was Arthur Hayes, former CEO of derivatives exchange BitMEX, who in a reaction suggested that sub-par crypto performance was tied directly to activity within the U.S. economy.about what would happen to crypto prices for the rest of 2023.
"The market is down on some binance FUD. But regardless of the catalyst, risk mrkts r on edge cause of the TGA refill," he"By end of summer the mrkt will move past that and onto the lg amt of money printing humming along in the background.", crypto long traders saw liquidations, which totaled just shy of $300 million on June 5.This article does not contain investment advice or recommendations.
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