Bitcoin drops to $46K, altcoins sell off as report claims Binance is under investigation

[newshunter]

Bitcoin drops to $46K, altcoins sell off as report claims Binance is under investigation

News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin's price drop to $46,000.

Source: Bitcoin drops to $46K, altcoins sell off as report claims Binance is under investigation

Would appreciate your opinion about this

[TomPluz]

There is no confirmation if this news of a Binance investigation can be true and nothing will be said about from the said regulator bodies that means this is just another FUD just to make the market get shaken. I am sure that there will be those who took advantage of the Bitcoin dip because they fully know well that days from now, the King of Crypto will be accelerating again despite the abandonment by Elon Musk.

[Richard_1]

No one expected that two very important factors would immediately affect the price of Bitcoin in a short time, first the refusal to sell Tesla's machines for bitcoins, then the loss of interest of Elon Musk himself in Bitcoin and now the accusation of the Binance exchange of fraud. There are too many reasons that led to a sharp drop in bitcoin.

[Gravatai]

There is no confirmation if this news of a Binance investigation can be true and nothing will be said about from the said regulator bodies that means this is just another FUD just to make the market get shaken. I am sure that there will be those who took advantage of the Bitcoin dip because they fully know well that days from now, the King of Crypto will be accelerating again despite the abandonment by Elon Musk.

I agree with you, since such news is created periodically in order to cool the overheated market and lower the price before a new upward hike. In fact, Binance regularly deals with financial regulators and pays fines, but this does not stop them from continuing to work. Therefore, we are waiting for the start of a new growth in the market and prices for all coins.