Quote from: Lagduf on June 08, 2023, 03:12:09 PM

Quote from: Silberman on June 08, 2023, 04:59:41 AM

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.

But since the actions of the SEC were directed at Binance the drop on its price has been very significant, now the price is down a 22% during the last seven days and now it is trading at levels we did not saw since December of 2022, so in a matter of days the growth that it took half a year to take place simply disappeared, so I hope people are very careful at the moment as anything could happen, especially when it comes to the binance coin and their stable coin.