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....
The current increase in price of Bitcoin has nothing to do with CZ and Binance. It is just an exchange got into a legal battle for allowing criminals to do money laundering. It really isn't that bad. I mean as a bitcoin supporter we always want bad people to stay out of the network.
I believe the current price increase of Bitcoin is happening due to the positivity around approval of ETFs. Blackrock is somewhat close to get the approval, they have got the seed funding. So it has created a FOMO in the market. Every such FOMO is enough to increase the buying volume in the market.