Binance’s CZ Advocates Holding Strategy as Bitcoin Soars Past $100K

Bitcoin has once again breached the $100,000 mark, trading at around $103,755, showcasing a remarkable recovery from its recent slump below $80,000. This surge has reinvigorated bullish sentiment across the cryptocurrency market. Changpeng ’CZ’ Zhao, the co-founder of Binance, has reiterated his advice for investors to remain calm and avoid panic selling amidst Bitcoin’s notorious volatility. His straightforward guidance aims to steady traders who might be unnerved by the asset’s rapid price fluctuations. As of May 10, 2025, the cryptocurrency community is closely watching Bitcoin’s performance, with many optimistic about its continued upward trajectory.

Bitcoin Surpasses $100K Amid Market Volatility, CZ Advocates Steadfast Holding

Bitcoin has reclaimed the $100,000 threshold, trading at approximately $103,755, marking a dramatic reversal from its recent dip below $80,000. The resurgence has reignited bullish sentiment across the cryptocurrency market.

Changpeng ’CZ’ Zhao, Binance co-founder, emphasized simplicity in navigating Bitcoin’s volatility: ’Don’t panic sell.’ His counsel targets traders unsettled by the asset’s sharp price fluctuations.

Senate Democrats Investigate Alleged Binance-Trump Ties in $2B Deal

Top Democratic senators are pressing U.S. officials for answers regarding Binance’s alleged connections to the Trump family’s digital asset ventures. A $2 billion investment in the crypto exchange, financed by Abu Dhabi’s MXG and involving a Trump-linked stablecoin, has drawn scrutiny.

Binance’s history of legal violations, including money laundering charges, adds weight to the inquiry. Former CEO Changpeng Zhao’s departure further complicates the exchange’s regulatory standing as lawmakers seek clarity on the transaction’s implications.

BNB and SOL Battle for 5th Spot in Crypto Ranking

The cryptocurrency market has surged over the past 48 hours, with major tokens like Bitcoin, Ethereum, and XRP hitting multi-month highs. Solana and Binance Coin have mirrored this bullish momentum, sparking a tight race for the fifth-largest crypto by market capitalization.

Binance Coin (BNB) currently holds a slight edge with an $89.58 billion valuation, while solana (SOL) trails closely at $87.73 billion—a mere $1.85 billion gap separates the two rivals. Market dominance stands at 2.75% for BNB versus 2.71% for SOL.

Analysts point to divergent catalysts: speculation around a potential BNB ETF fuels Binance’s ascent, while Solana’s recent futures launch in Brazil amplifies its institutional appeal. The outcome of this contest may hinge on which ecosystem delivers the next breakthrough in adoption.