As the saying goes, this is good[1] for Bitcoin... As people are buying it, presumably in order to be able to flee their Binance positions. Nothing breeds confidence in the ecosystem like the world's largest exchange getting its funds frozen.
[1] When it'll drop in price, I'll be here to provide different post-hoc justification for why that market swing happened. Tune in tomorrow, as the SEC keeps unraveling this rat's nest.
To be fair, this has been allowed to grow into a rat's nest by a decade of ignorance and inaction on something that obviously needed attention and action by these authorities that have, only as a result of the FTX, Celsius, Voyager, and BlockFi debacles, been woken from their hibernation-deep slumber.
[1] When it'll drop in price, I'll be here to provide different post-hoc justification for why that market swing happened. Tune in tomorrow, as the SEC keeps unraveling this rat's nest.