Richard Ting, CEO of Di Binance, stated that the current decline in the encryption market represents a “tactical decline” instead of reflecting the direction.
According to Teng, the sector has already shown in the past the ability to recover after important geopolitical events, and this stage is no exception.
Bitcoin is less than $ 90,000: Binance CEO of Taurus Corporation
The data comes from Ten as the Bitcoin price decreased to less than $ 90,000 for the first time since November, reaching $ 87,000. The decrease in the wake of US President Donald Trump’s announcement of the imposition of new trade tariffs on Canada and Mexico, a decision that sparked uncertainty in global financial markets.
According to James Toulido, operations in the Al -Wahda portfolio, many analysts believed that Trump’s victory would lead to a new bull stage for Bitcoin. However, he pointed out that factors such as tariff wars, tensions in Eastern Europe, and DEPSEK doubts in the American technology sector may affect the market differently from what was expected. “It may be just a temporary pricing error,” he added.
Through a series of posts on X (previously Twitter), Ten stressed that price movements often obscure the main dynamics of the sector. According to Binance CEO, Crypto interacts with total economic shocks in a similar way to traditional assets but shows greater long -term elasticity. “What we are witnessing now is another tactical decline in the short term, away from the structural decline,” he said.
His words reflect an optimistic view of the market, which continue to develop despite the short -term fluctuations. Ting repeated that the basic growth indicators of encryption remain intact and that the sector is destined to strengthen over time.
Atfs encryption in height: a positive signal for the sector
Another major component that shows the solidity of the encryption sector is the increase in the requests for boxes on the stock exchange (ETF).
TENG highlighted that the increasing number of investment funds circulating in encryption is a positive sign of the market, as it indicates an increasing institutional interest and greater acceptance of encryption as legitimate assets.
At the beginning of this month, the Chicago Board’s options (CBOE) exchanged four requests to launch ETFS Spot XRP, while the Securities and Stock Exchange Committee (SEC) recently admitted the GrayScale 19B-4 applications for the instant ETFS for Dogecoin and XRP.
Moreover, Grayscale made a proposal for Polkadot ETF, which increased the trend towards recognizing digital assets in the traditional financial scene.
In October, BitWise presented S-1 model with SEC to XRP ETF, and she did Canary Capital last year. This explains how interest in the encrypted investment funds are constantly growing, indicating that the market continues to mature despite price fluctuations.
HTML
conclusion
“
Despite the recent decline in prices, the encryption market does not have a reflection, but it is a simple tactical decline, according to Binance CEO, Richard Ting.
The reaction to Trump’s commercial tariffs and other macroeconomic factors may be temporary only, and the sector has already shown its ability to recover in the past. Moreover, the increase in ETF encryption requests indicates that institutional interests are stronger than ever, which helps to enhance the market foundations for the future.
