Topic: Binance maintenance, the market lost 25 billion dollars - page 2. (Read 317 times)
The decline in the Cryptocurrency market started even before the Binance maintainance yesterday so I do not think the system maintainance had anything to do with the price decline at all.
The market has lost 25 billion dollars because the maximum price of bitcoin had been reached and this price was unstainable. That's all. It is not because of binance. Don't dream that bitcoin is going to take 100 percent of the crypto market. If it does, bitcoin is going to be worth 0.
I really don't know what caused the recent downtrend in the market. There has been lots of rumors concerning the bear market and the binance maintenance is one of the rumors. Also there was a technical analysis earlier this week which talked about a bear market and the last was about the plustoken scam which is reportedly have about 70k btc and have been selling it off in batches of 100btc at any price
No, it has nothing to do with it. When an exchange is under maintenance, the only effect is that there is less trading volume, but people don't sell their coins or something like that. Another thing is when a big exchange is hacked, but being in maintenance mode has no effect at all.
yes because Binance is the leading exchange if the website is down surely there will be some huge loses we have seen this in the past also.
Do you think trader is too sensitive?It's only maintenance, it's not hacked or any other serious problem.
yes because Binance is the leading exchange if the website is down surely there will be some huge loses we have seen this in the past also.
I know Binance is the largest cryptocurrency trading platform in the world, but is "Binance offline" the reason for losing 25 billion dollars of the market?
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