Binance Denies They’ve Been Hacked, Bitcoin Still Takes Yet Another Hit
While Bitcoin was rejected from key resistance overnight, the negative headlines surrounding the exchange Binance did nothing to help price.
Binance experienced unauthorised selling on clients' accounts and immediately suspended withdrawals as a result. A smart move under the circumstances.
But most importantly, Binance chief executive Changpeng Zhao confirmed on Twitter that all clients' funds were safe.
"As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform being compromised."
It seems that traders using bots may have fallen victim to stolen API keys which traded on their behalf.
Not a great sign, but not the end of the world. Not expecting the negativity from this to be too prolonged.
So as mentioned above, price also was rejected from key resistance. Take a look at the chart below.
BTC/USD Daily
Unfortunately, price has also now tucked back under the original trend line, retesting and reactivating it as resistance.
BTC/USD Hourly
Back in bear market territory?
Best of probabilities to you.
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
I think we should believe them
I don’t really care about Binance, but the technicals look so gloomy right now...
Short term looks gloomy to me also how to you predict the long term picture and the fundamentals
it was some kind of auto sell bot that did the damage today
Yeah, still stupid.
Cada vez que parece que se recuperará, se va abajo :(
If the post is in English, why not reply in English? Both me and the rest of my readers won’t be able to understand it.
They're just doing another trick to get the prices go down so they can buy cheap. The not so good thing is, people can be easily deceived by these kind of joke.
True///the cryptocurrency market must be on the rise at this point, still it is going down.
Who’s they? Don’t get too caught up in conspiracy theories man. This stuff happens in all markets.
least the stopped it fast.and no one lost money . Still this sorta thing shouldnt happen
With coded bots, you’re never going to be able to wipe it out. I wish people would just take personal responsibility for where they’re placing control of their money.
thank you I've read your post so we all have to be alert with unclear circumstances. .
Yep, no worries.
we should not be toyed with frightening things. it was a mistake if it was intentional. need to be vigilant
Or people should take responsibility for their own money and not trust it with bots?
Hi, great post, worth a follow. Looking forward to some more of your stuff.
Thanks mate. Hopefully see you around.
I hope it was not real
Greetings from Berlin
It was real. But it is what it is. Just move forward and encourage people to take control of their own money.