I had to double check my phone when this news dropped earlier today. Losing roughly $6.4 billion should have sent us straight into a panic, but the market barely flinched.
According to decrypt.co, that massive hit on Binance is technically the largest on record. Yet $BTC only dropped about 3%. Back in 2018, a similar attack knocked almost 11% off the price in a heartbeat.
Right now, fear is sitting at 30 and the total value of all coins is down -6.64% since yesterday. Still, Bitcoin share of that value sits solid at 59.1%. The reaction this time feels completely different from past cycles.
Does this kind of toughness show we're finally maturing, or are traders just too numb to care about bad headlines anymore?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto
According to decrypt.co, that massive hit on Binance is technically the largest on record. Yet $BTC only dropped about 3%. Back in 2018, a similar attack knocked almost 11% off the price in a heartbeat.
Right now, fear is sitting at 30 and the total value of all coins is down -6.64% since yesterday. Still, Bitcoin share of that value sits solid at 59.1%. The reaction this time feels completely different from past cycles.
Does this kind of toughness show we're finally maturing, or are traders just too numb to care about bad headlines anymore?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto