Bitcoin price surges to $93,434, CZ warns against greed and urges risk management strategies

From Investing.com

November 15, 2024 3:00:25 pm:

Changpeng Zhao, also known as CZ, warns the crypto community to “be on the right side of history” in light of recent events and Bitcoin’s price surge, emphasizing the importance of a better form of money that helps billions.

Bitcoin hits $93,434 after the Federal Reserve cuts interest rates, prompting CZ to caution against greed and urge risk management strategies to navigate future market fluctuations.

Pennsylvania lawmakers propose a bill to add Bitcoin to the state’s treasury reserves, following the lead of pro-crypto senator Cynthia Lummis who suggested the U.S. buy one million BTC over five years, representing roughly 5% of the total supply. The bill would allow Pennsylvania to allocate 10% of its budget for Bitcoin purchases.

Read more at Investing.com: ‘Be on the Right Side of History’ By U.Today