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Binance CEO: we’re seeing a “tactical retreat” with crypto “not a reversal”
Richard Teng indicated that the crypto market tends to bounce back after major geopolitical events Teng’s remarks come as Bitcoin dropped below $90,000 earlier this week following the news of US President Donald Trump’s trade tariffs on Canada and Mexico What we’re seeing with crypto market prices is a “tactual retreat, not a reversal,” according […] The post Binance CEO: we’re seeing a “tactical retreat” with crypto “not a reversal” appeared first on CoinJournal.
- Richard Teng indicated that the crypto market tends to bounce back after major geopolitical events
- Teng’s remarks come as Bitcoin dropped below $90,000 earlier this week following the news of US President Donald Trump’s trade tariffs on Canada and Mexico
What we’re seeing with crypto market prices is a “tactual retreat, not a reversal,” according to Binance’s CEO.
In a series of posts on X, Richard Teng said crypto markets typically bounce back after major events.
“History has shown that crypto markets react to macroeconomic shifts much like traditional assets, but they also bounce back with remarkable resilience,” he said, adding “what we are witnessing now is another short-term tactical retreat, far from a structural decline.”
History has shown that crypto markets react to macroeconomic shifts much like traditional assets, but they also bounce back with remarkable resilience.
Remember 2022? #Bitcoin briefly dipped below $20,000 during Fed rate hikes, only to recover as conditions stabilized.
