Hello friends. Today it could be said that bitcoin remains stable in the area of $33,800 to 34,000 but today I am not here to talk to you about quotes, I will pay more attention to an important piece of information that has been shared in the last few hours.
The crypto market, not only of bitcoin but of the entire ecosystem, is currently moving in an area that it has not been able to overcome since May of last year, which is to remain above $35,000 and it is something that we will have to pay special importance to because it could push bitcoin downward in the coming weeks as we have already experienced on previous occasions.
But while bitcoin is still maintained, what is not maintained is the fortune of Changpeng Zhao, the CEO of Binance, from its maximum in January 2022 with almost 97,000 million, his fortune has fallen to 17,300, a drop of 82%. from occupying position number 11 among the richest people in the world, he fell to position 95 on the list of the richest in the world, a drop that occurs at the same time that trading volumes are reduced amid so many demands, mainly that of the commission of stock and securities and the futures trading commission.
Since then, Changpeng Zhao and binance reject accusations of not having properly registered with the United States Commodity Futures Trading Commission CFTC and of offering securities not registered with the As long as SEC does not follow in the same footsteps as Sam Bankman Fried or disappoint us with risky maneuvers to quickly recover his fortune, Changpeng Zhao will continue to be fine with his $17.3 billion.
On the other hand with the recent rise of cryptocurrencies the market sentiment has become incredibly greedy from a mediocre 40 to 50 points in the fear zone in recent months we quickly went to a peak of 70 and something that greed brings is fomo Translated into Spanish it is the fear of missing out, of being left out of a buying opportunity before it goes on and on and on. And then come the regrets.
For this reason, Google searches for buying bitcoin have increased around the world, but there is one place that stands out above the rest. Searches in the United Kingdom have grown by 826 in the last week. In the United States, searches for: Should I buy bitcoin? now? They grew more than 250% And then there were also spikes in more specific searches. For example: can I buy bitcoin at fidelity?
If we see it globally, searches like it is a good time to buy bitcoin experienced an increase of 110% Black Rock bitcoin etf also grew 250% and people's enthusiasm for exchange-traded funds was demonstrated, as I always tell my friends. Friends, don't jump on the fomo bandwagon, all the decisions you make have to be very well informed so that there are no regrets later.
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https://cointelegraph.com/news/binance-ceo-changpeng-zhao-fortune-slashed-billionaires-index
https://cointelegraph.com/news/buy-bitcoin-google-search-queries-surge-united-kingdom
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