Binance USD market cap falls below $10B amid rising regulatory concerns
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022.
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022.
Many exchanges suspends USD deposits and withdrawals via Silver gate. This could be the reason for market collapse. If this is thee reason then market reacted very late.
China announced a GDP growth target of 5% in 2023 and a CPI increase of 3%. In contrast, China's GDP grew by 3% and CPI by 2% in 2022.