CandleFocus Crypto market will skyrocket as soon as CZ announces his return, says CryptoQuant CEO
2024-09-27
Author: Content Editor
CryptoQuant CEO Ki Young Ju predicts that once Binance founder Changpeng Zhao (CZ) announces his return, the crypto market will experience a significant increase in value. CZ may be released from prison today after serving a four-month sentence for not implementing proper anti-money laundering controls at Binance. Despite being permanently banned from managing Binance and returning to a leadership role, CZ retains majority shareholder rights. Traders anticipate potential market volatility, particularly in altcoins and Binance Coin (BNB), following his release. At the time of reporting, BNB is trading at around $612, up 3% in the last 24 hours. Bitcoin and Ethereum are also experiencing positive movements contributing to a 1% increase in the global crypto market cap, which is now valued at over $2.4 trillion.
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