The price of Bitcoin (BTC) on Binance.US, the US subsidiary of Binance, the world’s largest cryptocurrency exchange, is trading at about $500 higher than the price in the global market.
The price of Bitcoin on Binance.US surged after the US Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao (CZ). BTC/USD trading pair on Binance.US at $27,370 trading in global markets $26,860 positioned in the band.
Experts say that this increase in Bitcoin in the USA has been experienced in recent days. with SEC lawsuits While stating that you have a connection, investors escaping altcoins He claimed he was returning to Bitcoin.
In total, lawsuits filed against the SEC, Binance, and Coinbase 20 different cryptocurrencies described it as a security. After this step While altcoin investors experience uncertainty The trend towards Bitcoin may have accelerated.
Brought to the rise in Bitcoin parity second comment if more stunning it happened. Some market analysts to withdraw their assets as quickly as possible claimed to have converted from stablecoins and fiat currencies to Bitcoin.
Specifically, the SEC’s assets pertaining to Binance.US temporarily freezing may have pushed users to such an escape plan. If the stock market’s assets are frozen by the SEC transfer with withdrawal transactions It is thought to take longer.
Such differences are observed from time to time in the cryptocurrency market. Binance Australia in AUD withdrawals Bitcoin price on stock market after suspension to 22 thousand USD had regressed.