Despite issues with the entrepreneur acquiring Twitter, his backers, like Binance's CZ, are ready to push the deal further once they receive the command
Elon Musk’s Twitter purchase was not the only topic discussed with the Binance CEO. CZ was also asked about the most recent behavior of the market in which the majority of digital assets have lost from 15% to 30% of their value on average.Zhao told the host that he is not surprised and that the cryptocurrency market is acting"normal" as volatility has always been part of an average digital asset on the market.
market lost almost 90% of its capitalization, with the majority of assets evaporating from the market and never being seen again.liquidationsThis year's crypto market sell-off was caused by two extremely negative events in a row: Terra's UST and LUNA catastrophe and unexpectedly high inflation data, which caused a massive outflow of funds from risky assets like cryptocurrencies and stocks.
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