{"id":16414,"date":"2025-11-21T22:11:09","date_gmt":"2025-11-21T22:11:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-market-crash-fall-wasnt-unique-to-crypto-binance-ceo\/"},"modified":"2025-11-21T22:11:15","modified_gmt":"2025-11-21T22:11:15","slug":"bitcoin-market-crash-fall-wasnt-unique-to-crypto-binance-ceo","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-market-crash-fall-wasnt-unique-to-crypto-binance-ceo\/","title":{"rendered":"Bitcoin market crash fall wasn\u2019t unique to crypto: Binance CEO"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Binance CEO Richard Teng says crypto\u2019s recent volatility mirrors broader market conditions amid global deleveraging.<\/p>\n<div id=\"cn-block-summary-block_44a7a7bcec618d0d26293b6cce3d5a40\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Binance CEO Richard Teng says crypto is not uniquely affected in the recent crash<\/li>\n<li>Investors in all markets are changing their risk assessments over macro uncertainty<\/li>\n<li> While volumes across the crypto market dipped, there are no structural shifts or liquidity issues<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin\u2019s sharp 21% decline over the past month may have spooked retail traders, but Binance\u2019s CEO Richard Teng says there\u2019s no need for panic. On Friday, November 21, Teng spoke at a media roundtable in Sydney, where he highlighted that the decline is not unique to crypto. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs with any asset class, there are always different cycles and volatility. What you\u2019re seeing is not only happening to crypto prices,\u201d Richard Teng, Binance.<\/p>\n<\/blockquote>\n<p>Bitcoin (BTC) is currently trading at $84,997, down sharply from its all-time high of $126,198 in early October. The likely reason for the drop is in macro conditions. Low employment figures and rising inflation are contributing to uncertainty.<\/p>\n<p>At the same time, it remains unlikely that the Federal Reserve will lower interest rates this year. These macro conditions are putting pressure on all risk assets, including crypto. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin remains up 100% from 2024<\/h2>\n<p>Teng also emphasized that Bitcoin remains up more than 100% year-to-date. At the same time, institutions like BlackRock are increasingly active in the space, even launching crypto products. For this reason, short-term corrections are healthy for the industry, he added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOver the past 1.5 years, the crypto sector has performed very, very well, so it\u2019s not unexpected that people do take profit,\u201d Teng said. \u201cAt this point in time, there\u2019s a bit of risk (off) and deleveraging happening as well.\u201d<\/p>\n<\/blockquote>\n<p>Teng also stated that Binance has not yet decided whether it will take back its founder, Changpeng Zhao, now that U.S. President Donald Trump pardoned him.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Richard Teng says crypto\u2019s recent volatility mirrors broader market conditions amid global deleveraging. Summary Binance CEO Richard Teng says crypto is not uniquely affected in the recent crash&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16414"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16414\/revisions"}],"predecessor-version":[{"id":16416,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16414\/revisions\/16416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16415"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}