at a time when it has taken a hit due to events such as the Binance hack.
That 'hack' didn't cause that much panic and in fact, the price of Bitcoin is relatively stable around $6k. While it's true that Bitcoin price could increase if there are services such as this one, it doesn't guarantee it. I'm not sure how many people will use it and how much money will be used up to buy new bitcoins. It might never change because people who're interested in this 'new' service already has some bitcoins.
Not only this hack, all the bad news plus FUD from Nobel Prize winner which I saw made big headlines, along with FUD from Buffett the old anti Bitcoin Wall Street master, all this came in the last two weeks. And did that have any effect on Bitcoin that was negative? I think once more,,, Bitcoin shows that the news no longer works,,, good news also last year just never stopped Bitcoin from sliding.