Pending regulation and contagion risk help to raise investors' fear
During bear markets, it’s easier to negatively impact Bitcoin price due to the outsized effect negative newsflow has on the crypto market. For example, Binance exchange moved $2 billion worth of Bitcoin on Nov. 28, triggering concerns in the community. The transaction raised investors' eyebrows because Binance CEO Changpeng Zhao had previously declared that it's bad news when exchanges move large amounts of crypto to prove their wallet address. Consequently, odds are bears will like...
Pending regulation and contagion risk help to raise investors' fear
During bear markets, it’s easier to negatively impact Bitcoin price due to the outsized effect negative newsflow has on the crypto market. For example, Binance exchange moved $2 billion worth of Bitcoin on Nov. 28, triggering concerns in the community. The transaction raised investors' eyebrows because Binance CEO Changpeng Zhao had previously declared that it's bad news when exchanges move large amounts of crypto to prove their wallet address. Consequently, odds are bears will like...
