Close to 6 billion $ in assets have been drained from the exchange Binance. While this is a crazy news event in itself, the broader crypto market seems to have not been too heavily impacted by this. BTC as of time of writing this is at just under 78k, when we’ve spent the last week trading around 80k. ETH is still above 2.2k, etc. Something like this happening in the first half of the year would have absolutely crushed the market, yet it seems to be holding fairly strong here.

If we do not have some sort of major catalyst around the mid terms here and we seem to maintain this range, we don’t have long to go before we start getting into a real bull market.

Do not get shaken out, this is probably the last opportunity you will get to add to your positions.

submitted by /u/ubermensch1001 [link] [comments]r/CryptoCurrencyRead More

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