Friday November 24 Market Wrap Up
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Of course we had big news this week as Binance was fined a whopping $ 4 Billion dollars for violation of money laundering laws and the controversial CEO CZ was forced to step down for 3 years and may face up to 18 month in Jail. Overall while this was part of the ongoing US war on Crypto, many also felt this was a clearing out of the "wild west" period of Crypto as Markets get ready for the much anticipated BTC Spot ETF with major financial players getting involved.
Overall this is bullish good news as it resolves the regulatory risk overhang for the largest exchange in the world as we head into a Bull Market cycle.
Stocks also closed up for the fourth consecutive week with the S&P 500 making a ….
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