As Binance US disables dollar withdrawals, we examine the fallout for two altcoins to watch: Bitcoin (BTC) and VC Spectra (SPCT)

October 21, 2023
3 min read

In the past, investors witnessed substantial gains through investments in Bitcoin (BTC). However, throughout 2023, BTC’s sluggish performance has prompted investors to explore more promising opportunities. Amidst this shifting landscape, VC Spectra (SPCT) has gained significant recognition among experts as one of the top altcoins to watch.

Let's delve into the latest news to determine the best cryptocurrency to buy amid the Binance US development. 



  • Binance US halts dollar withdrawals as its battle with the SEC lingers.
  • VC Spectra’s SPCT defies market downturn and surges to $0.055.
  • Bitcoin (BTC) could fall to $26,500.00 by the end of October.

Binance US Halts Dollar Withdrawals Amidst Prolonged SEC Legal Showdown

The US affiliate of the global crypto behemoth, Binance, has updated its terms to indicate a suspension of dollar withdrawals from the platform. This development follows Binance US's earlier decision in June to halt dollar deposits, a move prompted by the SEC seeking a court order to freeze Binance's assets.

According to the updated terms released on October 16, clients looking to withdraw US dollar funds from their accounts are now required to convert these funds into stablecoins or other top altcoins before initiating the withdrawal process. This modification in withdrawal procedures underscores the ongoing regulatory challenges faced by Binance in the United States.

In June, the SEC filed a lawsuit against Binance, its CEO Changpeng Zhao, and Binance US, presenting 13 charges that accused Binance of participating in what the SEC described as a "web of deception." The allegations included artificially inflating trading volumes and diverting customer funds, contributing to the increased scrutiny and legal actions against the exchange.

VC Spectra Continues to Surge Despite Binance Announcement

Regardless of the recent Binance US vs. SEC development, VC Spectra (SPCT) continues to surge, defying analysts' expectations. Before Binance’s announcement, VC Spectra’s token, SPCT, had just surged to $0.055, surpassing experts’ price projections.

But what is VC Spectra? VC Spectra (SPCT) is a decentralized hedge fund that provides a robust avenue for investors to diversify their portfolios across various cryptocurrencies and top DeFi projects.

What truly sets VC Spectra (SPCT) apart from the competition are its distinctive features and innovative trading strategy. Harnessing the power of artificial intelligence, VC Spectra (SPCT) can efficiently identify profitable trading opportunities, potentially yielding substantial returns for its investors.

Furthermore, VC Spectra (SPCT) positions itself as the premier cryptocurrency investment choice for institutional investors. It upholds financial regulations while offering seamless integration into existing financial infrastructure, making it an attractive option for larger-scale investors.

For investors, the prospect of return on investment (ROI) is paramount. SPCT excels in this aspect, with notable performance during the public presale. Recently, SPCT surged to an impressive $0.055 in Stage 4, marking a remarkable 587% increase from its initial public presale price of $0.008.

Furthermore, those who invest in SPCT tokens at the current price may find themselves reaping significant gains. While the initial forecast set a public presale target of $0.080, the outstanding performance of VC Spectra thus far suggests that SPCT is well-poised to surpass this mark and deliver even more impressive profits to its current investors.

BTC Price Prediction: Bitcoin May Drop Below $27,000

As the crypto market waits to see the fallout of Binance’s decision for BTC, investors remain doubtful of its future. Following the announcement, Bitcoin (BTC) declined from $28,519.47 to $28,415.75 on October 17, a 0.36% drop.

The most recent BTC price prediction suggests that Bitcoin (BTC) may face challenges in maintaining its position above $27,000, potentially leading to a decline below $26,500 by the end of October. Bitcoin (BTC) critics emphasize the increased volatility experienced by the coin in the recent period as a contributing factor to this pessimistic BTC price prediction.

Conversely, the prevailing positive sentiments around Bitcoin within the broader community have spurred several experts to offer a bullish Bitcoin price prediction. In an optimistic scenario, Bitcoin (BTC) might regain the $30,000 level by November.  

Increased legal and regulatory scrutiny by the SEC has hurt the crypto market in 2023, making it a difficult year for investors. Amidst the gloomy market outlook, experts believe VC Spectra’s SPCT is the best crypto to invest in now, especially as it has generated triple-digit returns in the most pessimistic of times.

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