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Binance: Bitcoin Has “Bottomed Out”

Liang CHE

Summary: According to a report released on the official website of the cryptocurrency exchange Binance, there is evidence that cryptocurrency prices have steadily rebounded from the lows of 2018, indicating that the market has bottomed out. The study also highlights the highly relevant virtual currency market, which may be caused by the “herd effect”, and said ...

According to a report released on the official website of the cryptocurrency exchange Binance, there is evidence that cryptocurrency prices have steadily rebounded from the lows of 2018, indicating that the market has bottomed out. The study also highlights the highly relevant virtual currency market, which may be caused by the “herd effect”, and said that the cryptocurrency market is similar to the Chinese stock market.

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