According to Rover, the collapse of Binance will cause a sharp drop in Bitcoin price by 81.23%; from the current $26,627 to the record low of $5,000. Since Binance is the largest exchange and manages $60 billion in crypto assets, insiders are confident that this can happen.
However, many crypto market participants disagree with Rover. Following his message, responses emerged that Binance could not determine the fate of cryptocurrencies and the largest asset, Bitcoin, alone. There are also opinions that you cannot contact Binance in any way and that all funds should be withdrawn from the exchange immediately.
Source: Ferra
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