Is the Bitcoin Bull Market Continuing After the Binance Incident?
Photo: Bitcoin Sistemi
The cryptocurrency market has performed stronger than expected following the massive $6.3 billion attack on Binance. Mike, an analyst at the cryptocurrency research platform The DeFi Report, argued that Bitcoin's (BTC) ability to maintain critical support levels despite the negative developments is a significant signal for a new bull market. A recent assessment published by The DeFi Report stated that the Binance attack on October 29th was a significant test of Bitcoin's resilience. According to the analyst, such a large-scale attack could have been expected to cause a correction of up to 20% under past market conditions.
Source: Bitcoin Sistemi
