Bitcoin’s Resilience After the Binance Hack Could Be Telling Us Something!
Photo: CaptainAltcoin
Bitcoin has been hit with almost everything bears could ask for, yet BTC is still trading around $76,000-$78,000. The $6.3 billion Binance hack has damaged confidence in the world’s largest crypto exchange, billions of dollars have left the platform, the Federal Reserve remains cautious on inflation, and risk assets are under pressure. Binance itself reported that withdrawals following the attack amounted to roughly 3% of customer assets. Bull Theory believes Bitcoin’s ability to absorb all of that bad news could be telling investors something important.
Source: CaptainAltcoin
