The crypto industry, whose balances changed after the resignation of Binance’s former CEO CZ, was hit by the volatile movements of BTC.
Changpeng Zhao, former CEO of Binance, announced that he resigned from the management of the exchange. Making a statement on the X (formerly Twitter) account, the former CEO said, “I made mistakes and I must take responsibility. “This decision is best for our community, Binance, and me.” said.
In the relevant statements, CZ announced that the new CEO is Richard Teng, the former Global President of Regional Markets, and created another shock effect in the market. Perhaps the most popular name in the industry, CZ’s resignation as the CEO of Binance after being found guilty by the US judicial authorities, was directly reflected in the price of Bitcoin.
With the impact of the news, the leader of the cryptocurrencies, which shot up to $ 35,600, recorded a 5 percent decrease in a short time. So, what price levels have become important in this chaotic environment? How is the chart progressing in BTC?
Balances are upset: The search for direction continues in BTC
BTC, which started to decline with the chaos that started between Binance and the USA, dropped from $ 37,740 to $ 35,600 in a short time, showing a total decrease of 5.77 percent. The pioneer of cryptocurrencies, which later started to recover, climbed to $ 36,400. BTC, which was traded at $ 36,418 as of the writing of the news, will target $ 37,347 – 37,970 and $ 38,935 respectively if it settles above $ 36,520.
Situations such as the continuation of the chaos environment, lack of news that will move the market up, or BTC falling below $ 35,972 will increase the selling pressure. In such a scenario, loosening towards 35.293 – 34.817 – 34.422 – 34.147 and 33.367 dollars can be followed.
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