Another Fud in the market and bitcoin volatility

[franky1]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

[nelson4lov]

I don't really understand how this new fraud charges differs from the current lawsuit filings the SEC has against Binance? It doesn't make much sense to me and it's just one of the many Binance FUDs that has happened in recent times. It's funny how hard the government is trying to bring down Binance since they know that an attack on a CEX like binance that controls majority of the volume could hurt the Bitcoin market.

This new fud is either repercussions from FTX fallout or just another Baseless binance fud. So far, CZ hasn't said anything so I reckon it's not serious at this point.

[lalabotax]

Well, i just read this US Government Considering Fraud Charges Against Binance and the market has started to dump again after we saw the recovery last night.

This always happens, every time there is good news, there will be following bad news and other FUDs
No need to worry, mate. let them fix their work and problems. What we need to do is to stay calm and patient. this will end and the market will go on much better again. Because Bitcoin market volatility is really always like this.

If you are worried, don't check market conditions this time, because right now the market is dropping very hard. So, if this makes you worry, then avoid looking at the market first. Be mentally strong because this is how crypto works. Or enjoy the upside by investing DCA in Bitcoin while the price is still dropping.

[JoyMarsha]

There must be news for the price of bitcoin to pump or dump. US shouldn't take things easy and stop fronting as if they can pull the crypto market down with the issues that they are having with Binance and settle it maturely,instead of coming up with allegations on Binance.

Just like what @Cryptovator said,if they don't want their citizens to use crypto then let the come out plain and ban Binance US,i instead of trying to draw Binance to the ground. Anyway the price of bitcoin won't be affect that much, it will only be for a short time and I am not bothered about bitcoin price presently since am looking forward to 2025.

The US and Binance continue to engage in occasional drama. When you think the case has been resolved amicably, the US will bring it up once more to rekindle the anxieties of bitcoin investors on bitcoin price.

The US does not want to act maturely by telling Binance to leave the US, and Binance does not want to leave the US on its own to preserve its reputation. They both continue acting like cats and rats that are glued to one another, without trying to reveal their real issues to everyone which always leads to unnecessary allegations given to Binance by US

[Dr.Bitcoin_Strange]

The purpose to write all this is not to get influenced by these news, do not sell your coins in a panic and find such events to accumulate more bitcoin, bitcoin will recover faster than we can imagine.

You are right; perhaps this is not a news that the exchange has crashed, so even if the market takes a little downturn, it can quickly recover again, more sharply than some people expected. I might be wrong, though, but I think the US is just trying to drag Binance into the mud, because I really don't think that with the reputation that the exchange has managed to build, CZ would just wake up any day and try to ruin everything for himself. Even with the past challenges that he has also faced with the SEC in the past month, I think he is even more careful in running his exchange. Whatever it is, I know this will all pass, and the market will not really see much downward movement.

[Mahanton]

The purpose to write all this is not to get influenced by these news, do not sell your coins in a panic and find such events to accumulate more bitcoin, bitcoin will recover faster than we can imagine.

You are right; perhaps this is not a news that the exchange has crashed, so even if the market takes a little downturn, it can quickly recover again, more sharply than some people expected. I might be wrong, though, but I think the US is just trying to drag Binance into the mud, because I really don't think that with the reputation that the exchange has managed to build, CZ would just wake up any day and try to ruin everything for himself. Even with the past challenges that he has also faced with the SEC in the past month, I think he is even more careful in running his exchange. Whatever it is, I know this will all pass, and the market will not really see much downward movement.

Sometimes it would really be acting out as a shake off because not all the time these news would really be affecting out the market on which it would really be just that normal that whenever negative things happen then the
market reactions which it is typical but there are moments which it cant make out some significant impact and to those who are really that impulsive when it comes to fundamentals or news do usually make out some move.
This is why it would really be just that right that you would really be making that significant action or decisions in times like this on which you would really be going for neither waiting up for bottom or would immediately making out some buying position on the time that you would be able to have the opportunity on doing so. Fud and other hypes in the market could really be seen and if you arent that careful enough then you might really be ending up on making immediate action which it would turn out to be a bad decision since the market didnt really make out such movement on what you had anticipated. This is case to case basis and just like on what others been saying that not all the times on which prices would move out according into those news whether it would be positive or negative. It would be still vary on some certain conditions or situations though.

[jeraldskie11]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

Maybe the OP using only lower time frames that make him thinks that it dumps that much or maybe just antcipating that it will sweep the swing low to get the price higher. In my opinion, whatever the news we heard against Binance this days is not new to us. We all know that Binance is the most known and top 1 exchange. If there's a news where Binance is involved, it will gives negative or positive effects to their users and also to all crypto users. So since manipulators don't have other ways to manipulate the market, they're using Binance as alternative. We should be aware of this.

[Silberman]

I don't really understand how this new fraud charges differs from the current lawsuit filings the SEC has against Binance? It doesn't make much sense to me and it's just one of the many Binance FUDs that has happened in recent times. It's funny how hard the government is trying to bring down Binance since they know that an attack on a CEX like binance that controls majority of the volume could hurt the Bitcoin market.

This new fud is either repercussions from FTX fallout or just another Baseless binance fud. So far, CZ hasn't said anything so I reckon it's not serious at this point.

That is what I was thinking as well, this does not seem to change at all what is happening with Binance and the SEC, so my only guess is that they are trying to exploit the lawsuit currently in place as much as they can in order to generate FUD and try to destabilize the market, however all of this is useless, even if Binance was brought down and the market crashed as a result of its disappearance, at the point a new CEX or even DEXs could emerge and the market will simply return back to its current levels, so at most the best the SEC can hope to win with all of this is a little bit of time and nothing more.

[bitterguy28]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.
though Fud will keeps banging the market but this is not how the effect means.

[Xampeuu]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.
though Fud will keeps banging the market but this is not how the effect means.

now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves

[Mr.suevie]

The purpose to write all this is not to get influenced by these news, do not sell your coins in a panic and find such events to accumulate more bitcoin, bitcoin will recover faster than we can imagine.

You are right; perhaps this is not a news that the exchange has crashed, so even if the market takes a little downturn, it can quickly recover again, more sharply than some people expected. I might be wrong, though, but I think the US is just trying to drag Binance into the mud, because I really don't think that with the reputation that the exchange has managed to build, CZ would just wake up any day and try to ruin everything for himself. Even with the past challenges that he has also faced with the SEC in the past month, I think he is even more careful in running his exchange. Whatever it is, I know this will all pass, and the market will not really see much downward movement.

Its surely should just pass as said because the last thing anybody wants now is a downturn in one of biggest exchange if not the biggest itself in the crypto world because that will really cause a lot of fuzz of the whole arrangement of things prior to the much expected bull run. I mean we all saw what happened to the market value of bitcoin when the sec actually sued binance, it affected bitcoin and everyother crypto in the market but just as CZ has proven to be reliable, he certainly claimed all the accusations to be false and am pretty sure nothing the sec is trying to set up will actually work against CZ and binance.

[Minor Miner]

Why is there much concentration on Binance when bitcoin is not dependent on exchanges to hold their coins, everyone can have his personally customized bitcoin wallet and have full control over it, no amount of incident or decision made against exchanges that will shift the market because there are many exchanges that will remain unaffected when one is, moreso, most of the bitcoiners that are whales can't make use of exchanges for holding their assets, most users of these exchanges are traders, if bitcoin is down today, only it's user will be affected and nothing more.

Yes, bitcoin is not dependent on binance or any other centralized institution, but what is happening is that binance is making a huge impact on the market including bitcoin. So we can't help but care and we care about bitcoin price not bitcoin usage, so people will pay more attention to these news.

Whales or any wise investor will not hold their bitcoins on exchanges, but when they want to sell them, they will use centralized exchanges as they are highly liquid. Like it or not, Binance or centralized exchanges are an integral part of the market.

[rikybrosh]

never let past mistake repeat, we always hear bad news that make us afraid to hold bitcoin and bitcoin price always rise when the time is come. I see many people regret about their decision to sell bitcoin at wrong time or procrastinating to buy bitcoin. I think those people who easily afraid of bad news about bitcoin should do DCA only. as far as I know, DCA is always become good method to gain profit in bitcoin investment

[Oasisman]

Well, i just read this US Government Considering Fraud Charges Against Binance and the market has started to dump again after we saw the recovery last night.

What? Again!, just kidding. I mean, the last time they accused Binance with something they can drop charges off, bitcoin price have reacted pulled back a little bit, enough for some people to make good buying position.
Now they find another reason they can charge against Binance. Well, this is not something Binance can worry about, but for some investors who got easily carried away who sold their bag right after they heard the news. I'm not really sure if the US authority are serious about taking down Binance, they could've closed this case if they really are. Accusing someone over and over again without any solid evidence to close it, I don't know what else is happening here, except they are trying to pull down the price.

[vv181]

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

[michellee]

I didn't expect CZ to answer that news. Everything depends on the market. And after Bitcoin's temporary rise yesterday and now the price is dropping again, I guess that is a frequent fluctuation in the Bitcoin market. And even if there is positive or negative news circulating, it also depends on the reaction of traders.

If they don't care about the news, the market will go on as it is. But if not, the market will change direction as we are today. And it looks like Bitcoin price could drop to the $28k level again by the end of this week, so we have to be careful and prepare more money to buy Bitcoin at low prices.

It's better not to worry too much about the state of the Bitcoin market now because the price will increase at the right time. We just need to be patient and keep accumulating Bitcoin to have lots. And it looks like this weekend, the market remains on the decline.

[fuguebtc]

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

[vv181]

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.

[bayu7adi]

Yes, bitcoin is not dependent on binance or any other centralized institution, but what is happening is that binance is making a huge impact on the market including bitcoin. So we can't help but care and we care about bitcoin price not bitcoin usage, so people will pay more attention to these news.

Whales or any wise investor will not hold their bitcoins on exchanges, but when they want to sell them, they will use centralized exchanges as they are highly liquid. Like it or not, Binance or centralized exchanges are an integral part of the market.

Absolutely, this is quite a clever and whimsical analogy. If we were to liken the cryptocurrency market to a bustling NASCAR race track, BTC, ETH, XRP, and the rest could be thought of as the racing cars, while Binance, the exchange platform, merely serves as the racetrack itself.

In a more rational scenario, when the Binance exchange encounters issues, the impact should be spread more evenly across all coins, not solely affecting BTC. Binance doesn't have a direct control over BTC, but its influence on the sustainability of the BTC ecosystem is undeniably significant.

[kryptqnick]

This looks like a mere speculation to me, and pressing the charges vs considering the charges are also too very different things. Binance is a pretty strong company, I hope they'll prevail over the US institutions or part on good terms. For now, the FUD doesn't mean there's any practical reason to panic, but I somewhat disagree with the op that it's strange how the news influences the market. In fact, it seems to me that the news is a primary factor, simply because people read about stuff, it provokes certain emotions, and those emotions motivate people to take action, both in case of FUD and FOMO.