[2018-03-22] BTC Price Falls as Markets React to (False) Japan Binance Thread

[senne]

Rumors always sells and panic attacks always lead market to fall in no time. If there were any problem with Binance and Japan government, I think they will resolve the problem rather than imposing a ban on such famous and powerful exchange. Recently, Binance was targeted due to its unexpected selling of coins and I think they are again targeted to make Bitcoin fall nothing else.

[Helen17]

Unfortunately, market is very sensitive towards this kind of announcements. Hope it will win those $500 as soon as possible

[Jating]

Unfortunately, market is very sensitive towards this kind of announcements. Hope it will win those $500 as soon as possible

WOW. Just observation, I just you are really a newbie. Every single negative news (fake or not) will really tip the price to the opposite side as this market is very fragile as this moment. And it made a -$500 swing in just short amount of time. However, today I saw the price climbs as high as $8900 only to dropped again to $8700. hahaha,

Talking about volatility. Its weekends so I'm expecting that there will be some king of minor dups again. But at least $8K will be a good start for the week of March and just maybe $9K ballpark will be met again before this month ends. Let's see how it pans out.

[bct9t]

Bitcoin fell $500 in hours to hit two-day lows March 22 after news broke Japanese regulators may ban the world’s largest cryptocurrency exchange, Binance. Binance CEO Changpeng Zhao has responded to the news on Twitter stating that the source showed “irresponsible journalism” as the crypto exchange is currently in “constructive talks” with the FSA and did not receive any mandates so far.