Since last night, the crypto market has dropped sharply. The cause is a security incident at Binance: large amounts have left the exchange’s wallets, estimated by analysts at several billion dollars.
Binance is investigating, has temporarily paused withdrawals on several networks and says user funds are safe. Meanwhile, Tether and Circle have already frozen part of the withdrawn funds in USDT and USDC.
The news triggered a wave of selling and liquidations. $BTC has fallen more than 5% and is now trading around $79,000, and most other cryptocurrencies are down too. At times like this, volatility is especially high, and leveraged positions carry the most risk.
Events like this have happened in crypto before, and the market has come through them every time. Right now, it’s important to rely on verified information and avoid making emotional decisions.
$ETH
$BNB
Binance is investigating, has temporarily paused withdrawals on several networks and says user funds are safe. Meanwhile, Tether and Circle have already frozen part of the withdrawn funds in USDT and USDC.
The news triggered a wave of selling and liquidations. $BTC has fallen more than 5% and is now trading around $79,000, and most other cryptocurrencies are down too. At times like this, volatility is especially high, and leveraged positions carry the most risk.
Events like this have happened in crypto before, and the market has come through them every time. Right now, it’s important to rely on verified information and avoid making emotional decisions.
$ETH
$BNB