The BTCUSD price remained under pressure during the weekend as the outlook for the crypto industry darkened.
Bitcoin was trading at $16,702, which was much lower than last week’s high of over $18,000.It has dropped to the lowest level since November 29.Bitcoin and other cryptocurrencies continued retreating during the weekend as outflows in the crypto industry continued.
Binance has been under more pressure than other exchanges because of its business practices. It has no headquarters, which is a risky situation for the biggest crypto exchange in the world. Worse, Mazars, its auditor, announced that it was ending its audit for crypto exchanges. The BTC/USD price also continued dropping as investors reacted to the latest interest rate decision by the
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