After the release of the terrible news about Binance and CZ, many expected a crypto market collapse today.
Today, however, we can say that such a collapse did not occur, even though the crypto market is in the red.
Today’s crypto market drop
After all the news regarding the now closed affair between Binance and the US Department of Justice was published, many cryptocurrencies today are losing 2% to 6% compared to yesterday.
Therefore, this is not a collapse at all, as hikes of this magnitude are actually the norm in crypto markets.
Indeed, even ETH has already recovered all of yesterday’s losses, and BTC is down only 1.6%.
In particular, it is precisely Bitcoin that has held up well, as it has done nothing but continue its lateralization around $37,000.
Bitcoin’s lateralization
Such lateralization of Bitcoin‘s price began on 9 November, or thirteen days ago.
Indeed, on that day the price of BTC rose from $35,300 to almost $38,000, and then fell the next day to ar
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