BTCUSD News Today, Nov 13: How the ‘Cryptoqueen’ Saga Affects Bitcoin

The recent sentencing of Qian Zhimin, often referred to as the ‘Cryptoqueen’, has put a spotlight on the risks within the cryptocurrency sector. Known for orchestrating a massive Ponzi scheme and utilizing Bitcoin to launder money, her actions have raised concerns about cryptocurrency oversight. This situation underscores significant questions about trust in Bitcoin and its price stability amidst high-profile fraud cases. With Bitcoin trading at $101,918.75, down by 1.07%, investors are closely watching how such scandals might affect the broader crypto market.