Binance CEO: The recent market downturn does not indicate a long-term negative trend

2024-08-05 18:21:27

ChainCatcher news, Binance CEO Richard Teng stated that the recent sharp decline in cryptocurrency and stock prices is influenced by macroeconomic factors. "We believe this does not represent a long-term negative trend."

Due to the potential interest rate cuts by the Federal Reserve and geopolitical turmoil, the likelihood of market volatility remains high.

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