Hey ninja’s, how’s the trading going? On the day the majority of the top cryptocurrencies are reporting daily gains with the largest cryptocurrency Bitcoin reporting gains over 1% in the last 24 hours and is trading at $9,187. Top altcoins Ethereum and XRP are also reporting daily gains of 1.3% and 1% respectively.
In an interview with Bloomberg Daybreak Asia, the CEO of Binance, Changpeng Zhao popularly referred to as CZ made comments about Bitcoin's recent performance. He explained that he believed Bitcoin would hit $10,000 once again but is not certain on what would cause its increment. He also remarked on Bitcoin's newfound stability, noting that BTC has remained. Between $9,000 and $9,500.
According to him Bitcoin has been recently referred to as a stable coin, he further explained that at the moment Bitcoin is too correlated with traditional markets to be the safe haven investors want it to be but be believes with time its safe-haven properties will surface.