Binance CEO Reacted To The Decline In Cryptocurrencies

As the Bitcoin and altcoin markets were painted red, Binance CEO Changpeng Zhao (CZ) also made a statement.

Binance CEO reacted to the decline in cryptocurrencies. Binance CEO Changpeng Zhao (CZ) posted a note on his social media account saying, "They want you out of the crypto space." Zhao also stated that his tweet does not constitute financial advice. Traders and investors must continue to work to prevent unexpected losses that are not compensated. Changpeng Zhao also shared the William Wallace gif with the words "HOLD". While it meant "hold your cryptocurrencies", CZ said it was not financial advice either.

Crypto Market Falls Hard

From a market perspective, the market cap of the crypto world has dropped to below $ 2 trillion. Bitcoin declined in today's transactions and fell to $ 51,000. BTC, which is slowly recovering, is currently trading at $ 55,293. Ethereum fell to the level of 2 thousand 115 dollars. Binance Coin, the third largest cryptocurrency, is traded at $ 448. The cryptocurrency has lost 13 percent in the last 24 hours. XRP, on the other hand, is the largest cryptocurrency, XRP has declined by 19.66 percent in the past day. At the time of writing, it is being traded for $ 1,30536.