Bitcoin Price Prediction as BTC Bounces From $26,000 Support Level – Is the Sell-Off Over?
Bitcoin, the leading cryptocurrency, has recently experienced a bounce from the crucial support level of $26,000.
This development has sparked speculation and inquiries about whether the sell-off in Bitcoin has ended.
This significant rebound has influenced the market sentiment surrounding Bitcoin's price trajectory.
Traders and investors are now closely monitoring Bitcoin's performance to determine if the recent bounce signals a reversal of the bearish trend or if further downward pressure awaits.
In this Bitcoin price prediction analysis, we will delve into the factors affecting Bitcoin's price movement and assess whether the sell-off phase is indeed over.
In a tweet, Binance US's official Twitter account acknowledged that the recent actions by the SEC had posed challenges for their banking partners.
As a result, Binance US has decided to halt USD withdrawal channels starting from June 13, 2023, and has advised clients to use their USD funds appropriately.
The tweet also mentioned that several advanced BTC and BUSD trading pairings would be discontinued, along with the temporary pause of their OTC trading portal.
Furthermore, Binance US announced on its website that it would transition into a cryptocurrency-only exchange.
Users were urged to withdraw their USD holdings by June 13, 2023.
The platform assured customers that all cryptocurrency-related services, such as trading, staking, deposits, and withdrawals, will continue to operate normally.
Binance US reiterated its commitment to maintaining a 1:1 reserve for all customer assets, ensuring their security.
During a news briefing, IMF representative Julie Kozak emphasized the importance of the Federal Reserve and other central banks worldwide maintaining their current
Read more on cryptonews.com
