Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery’

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Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery’
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Bitcoin dropped more than 2.5% after a WSJ report revived Binance concerns and China's Politburo did not signal large scale stimulus. reports godbole17

A spokeswoman for Binance, which was founded by Zhao, told the newspaper that neither the company nor Zhao has engaged in or tolerated wash trading. CoinDesk has contacted Binance for comment.

Around the same time, China's ruling Communist Party's 24-member Politburo — its top decision-making body, led by President Xi Jinping –

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