B · Normal
[Bitcoin’s strength after Binance was hacked masked deep market tensions] November 2: Since the world’s largest cryptocurrency exchange suffered a record cyber theft last week, investors had already prepared for the worst, but Bitcoin unexpectedly performed unexpectedly strong. Sean McNulty, a derivatives trader at market maker AQC Tech, said that one of the reasons why Bitcoin is performing stronger this time is that Binance is buying Bitcoin to compensate users for losses. But the underlying mood, he said, remains jittery.
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