In the midst of the Genesis news, the cryptocurrency market had just turned south when it bounced back with a sudden jolt. Leading crypto Bitcoin has crossed the $23,000 limit with a hard move. This situation created excitement among market players. Binance CEO Changpeng Zhao joined them and gave the message ‘we are not dead, we are here’.
Bitcoin’s rally created excitement in the market
As you follow on Kriptokoin.com, the market is moving in the green zone led by the crypto Bitcoin (BTC). As a result, recent data shows that the Bitcoin mining hash rate has reached an all-time high. This situation also caught the attention of Binance CEO Changpeng Zhao (CZ) yesterday. CZ did not remain silent about the record Bitcoin Hash rate. In this context, Binance CEO said he was “curious about what will happen next.”
https://twitter.com/cz_binance/status/1616512135387045888
Billy Markus, the founder of the original meme coin Dogecoin, responded to CZ’s post from a different angle. In his statement, Markus argued that this data has no meaning and is relative. Meanwhile, it is worth noting that the Hash rate is an important measure of computational power for Bitcoin mining. At press time, BTC was trading at $23,237, up 8.68% on a daily basis.
BTC price chart for the last 7 days / Source: CoinMarketCapBinance CEO: Look, this is dead Bitcoin!
However, this story did not end like that. The leading crypto Bitcoin has created a new wave of excitement in the market, passing $ 23,000 today. Most altcoin projects followed Bitcoin as well, moving deeper into the green zone. This was a strong morale booster for market players after the ‘crypto is dead’ claims.
The cryptocurrency market has had a terrible 2022 with crashes, bankruptcies and sensational events. However, he started the new year with a fresh breath. The leading crypto has seen an increase of over 40% during this time. In an environment where 10 thousand 12 thousand dollars are spoken, crossing the 23 thousand dollars line, investors are asked, “Is the bear market over?” It gave me enough morale to say. As you may recall, in the days of pessimism, Binance CEO, Changpeng Zhao, said that bear markets are temporary and Bitcoin will not die. CZ shared a chart after BTC’s rally today, reminding that Bitcoin is not dead and is still here. In this context, CZ allusively “After this Bitcoin is dead!” He shared the rally chart.
https://twitter.com/cz_binance/status/1616848617238855681
However, Changpeng Zhao did not neglect to give advice to crypto market players. In line with this, CZ said, “Embrace risk management in bull markets. Don’t get caught up in FOMO (fear of missing out). Don’t put all your investments in one token,” he shared his financial advice.
https://twitter.com/cz_binance/status/161684979477295104
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