How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?
Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this.
The amount of BTC stolen from Binance is too big for it to affect the market naturally, although it will have little effect because the scammers will definitely sell it off the market and change to fiat, so who ever get to benefit from this will be the hackers bank and the hackers country economy, because $40 million added to economy is not something small.
Everyone is surprised the way bitcoin has been building shield against FUD news this period, and it seems like every time bitcoin FUD occurs, it tends to favor bitcoin, this s why we should continue holding our coin believing strongly in the future achievement of BTC.