Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

[newshunter]

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

Bitcoin traders stay wary over Binance “FUD” triggering overly bearish BTC price action.

Source: Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

Would appreciate your opinion about this

[Astra]

Yes, cryptocurrency prices continue to fall. Bitcoin has already dropped to $16,752 today. Altcoins, led by Ethereum, are also in red. Unfortunately, the cryptocurrency market is very susceptible to negative information. But, as a rule, such influence is very short-lived. In addition, the bearish period is still going on. Hope everything will be restored soon. Although it is also possible that because of this, bitcoin may still fall in price for some time, but it is unlikely to reach $12,000, as stated in the referenced article.

[Citysatoshi]

Speculation is one the features that will either drive up or drive down the market but we are still on the bearish market. The Binance exchange has no sign that it may sink, though there are heavy investigation and criticism of Binance past dealings in the US and some other countries. I am seeing a competitive battle to bring Binance down by some higher power investors even out side the crypto economy. Binance CEO is facing trial for money laundry, but I think that it is a gimmick to pull Binance down, after it published its  prove of reserves some weeks ago, and some concerns about the FTX collapse.