Another Fud or Its Reality? BTC is Down Again

[southerngentuk]

Of course, having a popular crypto exchange like Binance sued by regulators can actually have a significant impact on the market, especially considering its status as a crypto exchange's largest element in terms of mass. Bitcoin has faced many challenges and negative events throughout its history, but it has shown resilience during and after market downturns. The decentralized nature, limited supply, and global recognition of Bitcoin have all contributed to its resilience under adverse circumstances in the past. So don't worry too much about this.

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[BitSwapNow]

Yes i wouldn't worry. Its more so Binance being negligent and skirting regulations purposefully. An being caught on both of us red handed technically. Again like one user before mentioned its going to be hard to defend against most of the factual accusations. Binance pockets are so deep they will likely fight it tooth and nail and end up paying a hefty fine and will be more regulated and transparent. Which will be good for crypto also.

[imamusma]

I wouldn't say it's FUD, they have been served with the lawsuit already.

But the thing is that it just shows really how the US government is undermining everything related to crypto at this point.

The only narrative that I saw behind all of this attacks is that they are pushing for their CBDC platform, and working together with other big banks. Anyway, I think the future still looks bright for crypto. If US doesn't want it, or having a hard stance, then the exodus has started already.

The Binance and SEC cases may end up in court, but crypto trading will continue even without Binance. I can't argue that maybe the US pushed a lot of thought into Binance putting its plans into action on CBDC. But the downside to this case is that the SEC has been seen as against crypto as a whole, not against Binance.

I will ignore this FUD as much as possible and stick to a long term investment plan in bitcoin. It doesn't matter if this case impacts the bitcoin price in the short term, I'm just sure that the price will recover soon.

[The Cryptovator]

The reports regarding the SEC and Binance have been confirmed to be accurate. The fear, uncertainty, and doubt (FUD) surrounding this news have indeed resulted in a significant decline in the entire cryptocurrency market. Allow me to elaborate on the concept of FUD. It stands for "Fear, Uncertainty, and Doubt" and is commonly used to describe a situation where negative information or rumors cause individuals to become anxious about potential losses. As a result of the SEC's negative announcement, many holders in the market began to panic, fearing financial setbacks. Consequently, a wave of selling emerged, causing the market to turn red and further escalating people's concerns. This led to a massive sell-off and ultimately a market crash. Therefore, it is evident that FUD has influenced people's decisions to sell their holdings.

[dragonvslinux]

With the current bart-pattern forming on short-term time-frames, it's starting to look like whales have somewhat manipulated the market/situation right now.



The FUD was designed to encourage shorts with sellers getting out of positions below $26K, but then buyers stepped in and we are now at the short squeeze level, whereby price going higher will likely liquidate a lot of short-term short positions who were targeting lower levels. The fact that Coinbase was served a lawsuit today from the SEC and price has risen, should show how bullish the market remains right now.

It's rare that I consider price movement to be market manipulation, but with news events like this that no doubt some speculators were aware was going to happen, and now the quick reversal back to the upside, it's hard to consider the likelihood that bears tried to push the price lower, but when the low of $25.5K was reached and they were unable to push prices lower, they instead look long positions back to the upside.

[umbara ardian]

Markets are influenced not only by events and news but also by sentiments and perceptions. News of the regulatory issues surrounding Binance and its CEO CZ, can certainly cause concern and impact market behavior, especially for new entrants and individuals. risk averse. Look at how Binance has faced regulatory challenges in the past and has managed to overcome them, continuing to grow and maintain its position as a leading cryptocurrency exchange. CZ has demonstrated resourcefulness in finding ways to meet the needs of US customers while striving to comply with regulations. The interpretation of whether the current situation is Fear, Uncertainty, and Doubt (FUD) or a legitimate concern can vary between individuals. While the short-term impact of current events may be noticeable, this should not have much of an impact on the long-term development of the market.

[Hamza2424]

As many of you, must have heard the news of SEC sues Binance and its CEO Changpeng Zhao.

Hmm, I got a small glimpse of this scenario that day and then totally ignored it by just moving a few funds from there, I knew that the market will pretend to fall freely but after reading all of your compositions dear I think this is not at all related to the Bitcoin as a user on page 1 said: "CZ is not the CEO of BTC and BTC is not a community".

For the rest of the things market already made a decent recovery in the last few hours and coming back straight up to the $27K. So be patient we are on a good ride.

[kaseygriffin]

Bitcoin has faced many challenges throughout its existence and has shown resilience in overcoming them. The price of Bitcoin has experienced volatility before various events and news in the past, but it has also proven resilient and reached new heights. While the SEC's lawsuit against Binance may not have an immediate and significant impact on the price of Bitcoin, it's worth considering that the crypto market can be affected by many factors beyond crashes. relating to individual exchanges Market sentiment, regulatory developments, economic conditions, and investor behavior all play a role in shaping the price of cryptocurrencies. As an investor, beware of news like this.

[Yaunfitda]

It's rare that I consider price movement to be market manipulation, but with news events like this that no doubt some speculators were aware was going to happen, and now the quick reversal back to the upside, it's hard to consider the likelihood that bears tried to push the price lower, but when the low of $25.5K was reached and they were unable to push prices lower, they instead look long positions back to the upside.

Thanks for this insight, the last time I saw the price is around $25,700 and I was flabbergasted to see the price hitting $27k. So clearly there is manipulation behind by whales to pushed the price lower, maybe $25k flat.

But it didn't come, there could be speculators selling or noobs who think that the price will go down hard and then it's time for this manipulators or those who speculators to buy at a cheap price again because of this FUD.

[someone703]

The SEC's actions are repeated, and there is a lot of their involvement in various legal cases in the crypto industry. So for investors with significant amounts of capital at stake, news of legal actions against a major exchange can really be a cause for concern and can cause them to panic. reassess the safety of its investments. But really, it's not a big deal because there have been many times like this in the past, and after that, there was an amazing recovery. Let's wait for the possibility that BTC will return to the price of $30 in the near future.