CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers

CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers

MOAZ AFZAL MOAZ AFZAL

MOAZ AFZAL

Web Developer skilled in Blockchain | React.js, Next.js, Javascript, PHP, and MySql. Strong engineering professional with a Bachelor’s Degree focused in Computer Science from The University of Sargodha.

发布日期: 2023年3月28日
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The US CFTC's lawsuit against Binance for allegedly running an "illegal exchange" and a "sham" compliance program could worsen the already low liquidity in the crypto markets, resulting in greater volatility and potentially pushing Bitcoin's price down to $25,000. Binance is responsible for a large share of global trading volumes, and if market makers step back from trading on the exchange, it could reduce liquidity in an already thin market. Observers are concerned that the lawsuit will bring a deeper decline in market liquidity, making it harder to trade large quantities at stable prices.

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