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Benzinga
Benzinga
Business
Melanie Schaffer

Accumulation Or Distribution? Decision Time For Bitcoin After FTX Fall Out, Binance Industry Offer

Bitcoin Binance Crypto Changpeng “CZ” Zhao

Bitcoin (CRYPTO: BTC) jumped almost 6% at one point during Monday’s 24-hour trading session before selling off to trade mostly flat by midafternoon.

The short rebound took place after Binance CEO and founder Changpeng "CZ" Zhao took to Twitter to try and calm investor fears over the liquidity crisis caused by the decimation of Sam Bankman-Fried's FTX trading platform last week.

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