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 price of Bitcoin took a surge following the victory of Milei in Argentina presidential election and two days after, Binance was sanctioned and CZ resigned. I do understand that the market tends to react whenever there's a negative news such as the hacking of exchange, bankruptcy or shutdown. But in this case it's different, and I didn't expect the market to take much hit following the bad news, and I happy it's bullish again, which could be attributed to spot Bitcoin ETF application that's in the offing.