CFTC Vs. Binance: Cumberland Outlines 3 Scenarios For Bitcoin And Crypto

The lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Binance and its CEO Changpeng Zhao (CZ) rattled the crypto market yesterday, causing the Bitcoin price to drop by $1,300 and 5% at times. At press time, BTC was stabilizing around the $27,000 mark, yet the outcome of the Binance trial could be a key driver of price trend in the medium term.