Crazy Week in Bitcoin and Cryptos

📰 Double Whammy: Bittrex Shutdown and CZ's Legal Woes Unsettle Crypto Markets!

🚨 Bittrex Shutdown Impact:
Despite the looming closure of Bittrex Exchange on Dec. 4, BTCUSD on the platform soared to $46,000, creating a buzz in the crypto sphere. Explore the chart:

🔒 Binance's Legal Turmoil:
Adding to the turmoil, former Binance CEO Changpeng Zhao (CZ) faces legal constraints. As per federal prosecutors, CZ, having pleaded guilty, cannot leave the U.S. ahead of his February sentencing for violating the Bank Secrecy Act.

💔 Binance's Guilt and Heavy Penalties:
In a shocking turn, Binance pleaded guilty to multiple charges related to allowing users from sanctioned regions without proper compliance measures. The exchange agreed to a staggering $4.3 billion in penalties, marking one of the largest fines in the history of the U.S. Department of Justice.

🌐 Global Implications:
Prosecutors express concern about CZ's minimal ties to the U.S. due to his UAE citizenship, fearing he may not return if allowed to leave. They're not seeking pre-sentencing detention, only requesting that CZ remain in the U.S. His sentencing is slated for Feb. 23, 2024, with potential imprisonment and a fine.

📉📈 Market Response:
Current BTC support lies at 36300, extending to 33500. I am looking for a breakout above 40,000, anticipating a surge to 42,000 in the pre-Christmas period.

Stay tuned for updates

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Interesting Triangle is developing on the BTCUSDT now, chart -

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pump

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So far, so good! Price slowly moving to resistances, hopefully will be cleared soon!