Binance CEO: The recent sharp decline in the currency market and stock market does not represent a long-term negative trend
2024-08-05 10:18:34
Richard Teng, chief executive of Binance, said on the X platform: "The recent sharp declines in cryptocurrency and stock prices have been influenced by macroeconomic factors. We do not believe this is a sign of a long-term negative trend. With a potential rate cut by the Federal Reserve and geopolitical turmoil, the potential for market volatility remains high. Remind everyone to always do their research and stay up to date to keep building."
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