<\/p>\n
<br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><strong>Crypto Crash Ahead?<\/strong> The global crypto market printed red indexes on Tuesday ahead of the crucial <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/consumer-price-index-cpi\/\">Consumer Price Index (CPI)<\/a> data release. The cumulative market cap saw a decline of over 1% over the past day to stay above the vital $1 trillion level. However, surging <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/tag\/securities-and-exchange-commission\/\">US Securities and Exchange Commission (SEC)<\/a> Scrutiny over the digital industry has been identified as a major reason behind the decline.<\/p>\n<h2>Crypto Market To See More Volatility?<\/h2>\n<p>The biggest of the crypto assets <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-prices-today-bitcoin-ethereum-solana-dogecoin\/\">Bitcoin (BTC) and Ethereum (ETH)<\/a> prices have declined by more than 5% and 8% over the past 7 days. However, the recent crypto market decline has been triggered by New York’s regulatory body’s notice to end the issuance of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/binance-usd\/\">Binance USD (BUSD)<\/a>a stablecoin.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>The recent US SEC crackdown on Paxos, the issuer of BUSD, has left a deep impact on Binance’s BNB token. As per data, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/binance-coin\/\">bnb prices<\/a> have dropped by a massive 7% in the last 24 hours. It is trading at an average price of $293, at press time.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/binance-ceo-cz-breaks-silence-on-us-secs-crackdown-on-busd\/\">US financial watchdog’s probe around BUSD<\/a>, the third largest stablecoin, has left the crypto market bleeding. Investors seem to be fearful and doubtful about the US SEC’s next move. However, recent events like the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/u-s-house-committee-doubts-timing-of-sec-ftx-probe\/\">collapse of FTX<\/a> have already shaken the confidence of traders. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-price-crash-following-us-cpi-data\/\"><strong>Will Crypto Market Crash Following CPI Data Release Read Here\u2026<\/strong><\/a><\/p>\n<p>Probe around Paxos Trust Co. and BUSD has also raised concerns over the top two stablecoins, Tether (USDT) and USD Coin (USDC). Data depicts that around $342 million of BUSD has been redeemed over the past 24 hours.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA138682\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n \n\n<div class=\"getAuthoname\">\n \n \n <\/div>\n\n \n--><\/p>\n<div class=\"authodes\">\n<p>Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"a8e9dbc0c1dbc0e8cbc7c1c6cfc9d8cd86cbc7c5\">[email\u00a0protected]<\/a> <\/p><\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n <noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/3918306ca32d5be5bb9dcdd59697ed7b?s=200&d=mm&r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/3918306ca32d5be5bb9dcdd59697ed7b?s=400&d=mm&r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD138682\">\n<p> The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Crash Ahead? The global crypto market printed red indexes on Tuesday ahead of the crucial Consumer Price Index (CPI) data release. The cumulative market cap saw a decline of over 1% over the past day to stay above the vital $1 trillion level. However, surging US Securities and Exchange Commission (SEC) Scrutiny over the […]<\/p>\n","protected":false},"author":2,"featured_media":94680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-94679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/94679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=94679"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/94679\/revisions"}],"predecessor-version":[{"id":94681,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/94679\/revisions\/94681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/94680"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=94679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=94679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=94679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}