Why didn’t the Kucoin hack or legal action versus BitMEX appear to affect Bitcoin?
BitMEX just recently dealt with significant U.S. legal action, and KuCoin suffered a considerable hack, all inside a several-day period– however why did these occasions not impact Bitcoin’s cost in a more unfavorable method?”As more individuals, particularly big scale organisations look to obtain some, it produces not just a rate flooring, however continues to increase upward rate pressure,” he discussed including, “and lastly, these brand-new gamers are all holding their Bitcoin OFF exchanges, and hence it’s not offered for sale on the market. Bitcoin did not fall considerably on the KuCoin news, and just fell numerous hundred dollars on the BitMEX news– a fairly little response to a considerable news occasion.
