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Bitcoin has declined from above $126,000 in October to around $60,000. Binance founder Changpeng Zhao attributed the drop to several overlapping pressures rather than one cause.
CoinDeskBitcoin has fallen roughly 50% from its October peak above $126,000 and now trades near $60,000. Binance founder Changpeng Zhao said the decline stems from several factors rather than a single cause.
Bitcoin opened 2026 near $89,000, rose above $96,000, then dropped to the current level near $60,000, CoinDesk reported. Zhao noted that the exchange's performance is closely tied to bitcoin's price.
Zhao pointed to competition from AI investments, ongoing geopolitical tensions, and the typical four-year crypto market cycle. He said funds that might have gone into crypto have instead flowed into AI companies, though he expects this shift to benefit crypto over time.
Zhao said the failure of the Digital Asset Market Clarity Act would not prevent further U.S. crypto regulation because other bills remain under discussion and other countries continue to adopt rules. He added that the United States is likely to retain a leading role in setting standards even if the Clarity Act is delayed.
Zhao said he expects Democrats to increase scrutiny of crypto policy after the November midterm elections if they gain control of at least one chamber of Congress. He stated that he would cooperate with any inquiries and has nothing to hide.
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en.globes.co.ilLebanon and Israel signed a U.S.-brokered framework agreement on June 26 that outlines steps for Israeli forces to leave southern Lebanon in stages. The deal gives the Lebanese army control of pilot zones where it must disarm Hezbollah before reconstruction begins.
The equal-weighted S&P 500 outperformed its capitalization-weighted counterpart this week by the largest margin in six years. The move coincided with investor rotation away from leading technology stocks.
ndtv.comSouth Korea deployed fighter jets after nearly 10 Chinese and Russian military aircraft entered its air defense identification zone on June 27 before departing after a brief stay. The planes flew over the East Sea and South Sea but remained outside sovereign airspace. South Korea…