Binance USD’s (BUSD) market cap has fallen below $10 billion for the first time in nearly two years amid a United States regulatory crackdown on its token issuer and a deliberate delisting from a valuable crypto alternate.
BUSD’s market cap has been on a steep downward trajectory since its all-time excessive market cap of $23.49 billion, which it hit on Nov. 15, factual about a days after the shock fall down of FTX.
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