Fortunately, most of the funds had already been frozen by Tether, and CZ just mentioned that “the funds are safe.”
But after an already volatile post-market period, with earnings reports and everything else, volatility will undoubtedly remain even higher after this.
Still, I don’t think it’s as bad as it might seem, given the resources they have to cover any potential losses. It’s still too early, so we’ll get more information later about what happened.
Things like this usually create a negative mood for a while, as confidence is shaken. Not ideal in a market where we already have plenty of headwinds and uncertainty, as we’re seeing right now.
On the other hand, the market reaction is always key. If it simply climbs back above $80K and holds there, that usually tells you everything you need to know.
$BNB $BTC $ETH
But after an already volatile post-market period, with earnings reports and everything else, volatility will undoubtedly remain even higher after this.
Still, I don’t think it’s as bad as it might seem, given the resources they have to cover any potential losses. It’s still too early, so we’ll get more information later about what happened.
Things like this usually create a negative mood for a while, as confidence is shaken. Not ideal in a market where we already have plenty of headwinds and uncertainty, as we’re seeing right now.
On the other hand, the market reaction is always key. If it simply climbs back above $80K and holds there, that usually tells you everything you need to know.
$BNB $BTC $ETH
