Posted 11/22/2023, 7:33:00 PM
Crypto Market Turbulence Gives Way to Cautious Optimism After Binance Settlement
- Crypto markets buffeted this week by news of $4.3B settlement and guilty plea by Binance and its CEO Changpeng Zhao
- Zhao agreed to step away from Binance as part of settlement
- Markets bounced back Wednesday, with bitcoin above $37K and ether up 5%
- Some say Binance settlement clears path for SEC to finally approve spot bitcoin ETF
- With Binance uncertainty removed, analysts say chances increased for spot bitcoin ETF approval