Changpeng Zhao, additionally recognized within the crypto neighborhood as CZ, has taken to his official web page on the X social media platform (previously often called Twitter) to handle the neighborhood and share his tackle the present crypto market massacre.
Curiously, he has shared a bullish tackle this matter regardless of the large Bitcoin crash.
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CZ stays extremely bullish on Bitcoin and crypto
CZ commented on an X publish of a crypto fanatic known as @Spigg1115, the place the latter identified that there isn’t a motive for panic now despite the fact that the crypto market is bleeding closely.
The consumer reminded the neighborhood {that a} yr in the past, Bitcoin and different main cryptocurrencies – he talked about solely ETH, BNB, BTC, and SOL – traded at a lot decrease ranges than now.
Bitcoin sat at $54,000, he said, whereas BNB was altering palms at $401 per coin, and SOL was buying and selling at $109. At present, Bitcoin is altering palms after the large 8% fall at $89,214, BNB goes at $610, and SOL is buying and selling at $140.89, based on CoinMarketCap.
The one exception right here is the second greatest crypto by market capitalization worth after BTC Ethereum. Whereas on at the present time a yr in the past, it was buying and selling at $3178, it’s now sitting at $2.424.
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CZ quoted that tweet and added two emojis as his remark – microscope and telescope – as if urging the crypto neighborhood to have a look at the crypto market on the proper scale.