Crypto Biz: Binance announces $400 million bailout as Bitcoin faces major setbacks

Bitcoin’s price plunged sharply after a $19 billion liquidation event, exposing the market’s volatility. Binance’s relief program aims to support affected traders following the October 10 crash sparked by tariff fears.

Corporate interest in Bitcoin has surged by 38%, with 172 companies now holding Bitcoin as a reserve asset. Elon Musk emphasizes Bitcoin’s attributes over fiat currency, branding it as ‘sound money’ that counters currency debasement.

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