Bitcoin price selloff is normal, Binance CEO says as US trading pressure grows
Binance CEO Richard Teng calls Bitcoin's selloff normal as research finds 2.75 times more selling on a dollar spot venue amid $1.91B in ETF outflows.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundMore in Markets
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