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Binance Believed To Have Caused Massive Crypto Market Liquidations

The crypto market is under a new correction today, and all the important digital assets are trading in the red. There are all kinds of speculations as to why the crypto market lost so much value these days.

Check out the following relevant tweet below:

Binance could be behind the massive selloff

Some Twitter users believe that Binance is behind all this.

Just in case you don’t know, Elon Musk has been making headlines again following the latest reports. Check out the latest connection with Binance below.

Someone said: ‘In my opinion, this is a brilliant move! Over the next several years, I suspect Twitter will be almost unrecognizable.’

Elon Musk’s Twitter takeover has been a widely discussed topic over the last couple of weeks. From speculations on what Musk might do with his version of Twitter to the addition of potential cryptos, Musk has been making headlines.

Musk managed to amass support from the crypto industry, the latest one is rather expensive. One of the world’s largest cryptocurrency exchanges, Binance has reportedly decided to pour $500 million into Twitter.

Musk eventually purchased the platform, and free speech haters have been having a hard time.

Musk made the shock bid less than two weeks ago, and he said Twitter had “tremendous potential” that he would unlock.

He also made sure to address various changes from relaxing its content restrictions to eradicating fake accounts.

Binance in the news

Binance’s Changpeng Zhao addresses the importance of promoting Bitcoin. Check out the latest tweet that he shared about the subject below.

 

Stay tuned for more exciting news from the crypto space and make sure to keep your eyes on the crypto market as well.

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