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?
Although Binance is top leading exchange for cryptocurrencies but price of bitcoin is not effected or related to the withdrawals or freezing of funds on a particular exchange, even if it is binance or any other exchange.
Some of people were also debating that the binance hack can effect price, but that's totally wrong. They don't even know that hacked amount was only 2% of the total BTC volume.
If I am correct Binance has started allowing deposit and withdrawal from today.
Yes they did.