the arrival of tens of billions of dollars of new capital; Calm returned to the crypto market!

The digital currency market is seeing a good recovery just a day after the news of the resignation of one of the most influential figures in the industry. In addition, it seems that the panic and withdrawal of initial capital from the Binance exchange is no longer ongoing.

According to the analysis company Nansen, in 24 hours after the release of news related to Binance, there was no massive withdrawal from this exchange. Of course, an outflow of almost 1 billion dollars was recorded yesterday, but it was not alarming; Because it did not continue.

Nansen went on to point out that in the past year, there have been two much larger outflows from Binance, one in December 2022 following the bankruptcy of the FTX exchange and the other in June of this year following a complaint by the US Securities and Exchange Commission (SEC). From this company.

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Beginning

Yesterday, reports surfaced that Binance could potentially pay its $4.3 billion fine without selling any crypto; Because this company has more than 6 billion dollars in assets. After that, Richard Teng, the new CEO of Binance, also stated that the foundation and fundamentals of this company are very strong.

Now, data suggests that the crypto market has fully recovered from the minor setback caused by Binance-related news, with $70 billion re-entering the market in the past 24 hours.

The price of Bitcoin reached $37,410 with a 2.6% increase in the day, and Ethereum, with its daily growth of 3.9%, is currently trading in the range of $2,065.Other altcoins that have recorded significant gains in the past 24 hours include; Solana, UniSwap and FTX exchange token.