Prices briefly touched $37,800 following global news agencies reporting on Wednesday that the U.S. Department of Justice imposed a $4.3 billion fine on Binance. This development coincided with the resignation of the company's CEO, Zhao.
Among the factors driving the recent uptrend in the crypto market is the passage of a temporary funding bill by the U.S. House of Representatives to secure government financing until the end of next year, preventing a federal government shutdown. The approval of this bill is expected in the coming week.
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