The king of cryptocurrencies is nearing $36,000 after the latest news, with only hours to go. It has been revealed that a major announcement will be made today following the recent Bloomberg leak regarding the US Department of Justice’s move on Binance.
Why is Bitcoin Falling?
The US Department of Justice announced that it will reveal an important sanction regarding cryptocurrencies at 23:00 GMT. During this announcement, the Attorney General, Secretary of the Treasury, and Chairman of the CFTC will be present. The presence of these three key figures raises the question of whether there will be an announcement related to the Binance exchange. A similar step was taken months ago, but nothing significant was announced during the meeting. Today’s announcement is a matter of curiosity. The high-ranking participants imply that something significant might be announced.
Crypto investors are witnessing a pullback in the price of BTC, as they tend to prepare for the worst-case scenario.
At the same time, we saw a US Department of Justice announcement related to the seizure of $9 million in USDT, which is believed to be connected to the investigation we reported yesterday. Investors are facing difficult times, and we may continue to see high volatility for a few hours.
The announcement may be related to the operation worth $227 million, which was frozen in collaboration between Tether and OKX.
