RATE Group | Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why
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Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why

21 Dec Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why

Posted at 08:20h in Bitcoin News by

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Bitcoin and other crypto assets haven’t done too hot over the past six months. Since peaking at $14,000 in June, the leading cryptocurrency, BTC, has lost some 50%, tumbling as bulls failed to keep the upward momentum, and as regulatory pressure and sell-side pressure from miners and the PlusToken scam hit the market.

Despite this, one of the most prominent executives in the industry, Changpeng “CZ” Zhao of Binance, is sure that this industry’s long-term momentum remains in the upward direction, boding well for the future of cryptocurrencies and related technologies.

Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But Here’s What Might

Binance’s CEO, CZ, Bullish on Crypto Price Trajectory

As the year has come to a close, crypto and blockchain research firms have started to post their year-end reports, attempting to figure out the top trends of the year and what’s next for this nascent industry.

One such firm, Asia’s Global Coin…

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