Bitcoin (BTC) and BNB Begin Recovery as Market Digests Binance Plea

As of writing, BTC traded close to $36,400, having tanked over 4.5% to $35,700 Tuesday. BNB changed hands at $234, recovering from the overnight low of $223, CoinDesk data show. Both currencies, however, were still down 3.3% and 11.5% on a 24-hour basis, nursing hangover from Tuesday’s events, which saw Binance agree to a $4.3 billion settlement for violating sanctions and money-transmitting laws. Binance’s founder CZ pleaded guilty and stepped down as CEO in what’s called one of the largest corporate penalties ever, CoinDesk previously reported.