Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

CryptoCoinsNews | Jun 14, 2019 at 3:56 PM
  • By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3.
  • Binance, as CCN reported, has partnered with BAM Trading Services Inc. to launch Binance US, where it will directly compete against Coinbase (read more in CCN’s exclusive interview with Binance CEO Changpeng Zhao).
  • Since US traders make up as much as 30% of Binance’s user base, he expects small-cap cryptocurrencies listed on Binance but not the US exchange to suffer brutal corrections.