Bitcoin Rebounds Amidst Anticipated Binance Settlement with DOJ

By: Eliza Bennet

Bitcoin experienced a rebound in market value as the news broke about an impending settlement between Binance and the Department of Justice (DOJ). The cryptocurrency market responded positively to the news signaling a bullish sentiment for Bitcoin.

Earlier on Tuesday, the DOJ had indicated an upcoming announcement of significant enforcement actions in the cryptocurrency field, causing a momentary hiccup in the market. However, Bitcoin managed to bounce back on the expectation of the Binance - U.S. settlement report.