By Scott Murdoch SYDNEY (Reuters) -Binance Chief Executive Richard Teng said on Friday bitcoin's sharp drop in the past month was the result of investors deleveraging cryptocurrency holdings and risk aversion in line with that seen in most major asset classes. Bitcoin, the world's most valuable cryptocurrency, has tumbled 21.2% in November, bringing losses over the past three months to 23.2% as chances increase that it will end the year below $90,000. The slump comes after bitcoin hit an all-time peak above $126,000 in early October. "As with any asset class, there are always different cycles and volatility. What you're seeing is not only happening to crypto prices," Teng said at a media roundtable in Sydney on Friday. "At this point in time, there's a bit of risk (off) and deleveraging ha

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