Binance CEO made the cause of market crashing. || Steem Alliance Community.

Hello Everyone,

Good evening everyone, how are you, i hope you all guys will happy and good. By the grace of God, i am also good. Today i am here with new post in which i am going to share the market news and btc movement. What happen with crypto market last night.

Binance CEO Changpeng Zhao (CZ) has resigned from his CEO seat. he confirm about taking this step through tweet. He admitted that he had made some mistakes and accepted the responsibility by resigning. They have appointed Richard Teng as new CEO of binance, who will now take over the overall responsibilities of Binance echange.

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CZ has admitted his mistakes but he did not elaborate on these mistakes in the tweet. It's their patience and willingness to accept mistakes, especially in the cryptocurrency industry, that has led to the growth and development of the currency.

With new leadership always come challenges and defficulties. The cryptocurrency community will be watching Binance's Richard Teng leadership plan and how to navigate regulatory challenges and maintain consumer confidence.

Finally, CZ resignation which impact on Binance and the crypto market last night. This move is a stepping stone to regulatory compliance and the changing landscape of binance.

Rechard Teng has the great experience in regulatory and finance depart. we hope for good things and will see that Rechard Teng can build trust and confidence of investor in crypto market.

Bad news like changing of leadership, legal isaue and regulatory issue always cause the market dump. It also cause the loss of investor confidence. Investors are more sensitives for losses as compare to profit.

Now the whole crypto market is facing the bearish momentum due to charging 4.3 billion ammount on CZ by US Justice Department. after this news BNB loss their trust from the investor and it face more than 15% blood bath.

BTC waa in strong bullish trend but by the news of CZ resignation, the whole market dump and now btc is trading 36300$ to 36500$ level. avoid to take any entry in the market till market trend confirmation. always respect and your money and be happy always.

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