As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.
I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.
So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!
So is this guy? Tell me about your opinion about this....
In my personal view, the news circulating recently regarding CZ does not seem to have a big impact on bitcoin investors. Because it seems that bitcoin investors today are smarter in making choices and stronger mentally. That's why big news doesn't have a big impact on bitcoin investors. On the contrary, the market price of bitcoin actually increased.
So it can be concluded that currently the news about bitcoin does not really affect the price of Bitcoin so it could fall. However, bitcoin investors are currently more focused on the upcoming halving cycle and also on the bull market.