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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Earlier today, the chief executive of Binance, Changpeng Zhao, assured the community that as long as he has a penny he would not allow <a rel="nofollow" target="_blank" href="#">the Bitcoin price</a> to go down to zero.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    Some expressed their concern about CZ’s promise and said they would short BTC, although the Binance chief did not say precisely how he was going to achieve his goal.
    
    One user asked if this was an open confession to conducting manipulations with the crypto market.
    
    <blockquote class="twitter-tweet">
    Is this you openly admitting to manipulating the markets?
    — Mohammad (@Abu9ala7) <a rel="nofollow" target="_blank" href="https://twitter.com/Abu9ala7/status/1239803447890849802?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote>
    
    
    A study made in 2018&nbsp;claims that the Bitcoin price peak in 2017 was achieved due to the fact that the <a rel="nofollow" target="_blank" href="https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html">market was manipulated</a> by means of the USDT stablecoin.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Curiously, after CZ posted the tweet, large amounts of Bitcoin and USDT started to arrive at Binance wallets, as <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert">detected by Whale Alert</a>. So far, around $27 mln worth of BTC and 20.5 mln USDT has been sent to the exchange.
    
    However, even if CZ does plan to impact the BTC price, that amount is not sufficient to create a market manipulation strong enough to push Bitcoin up substantially.
    ') (Line: 1145)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3186 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Earlier today, the chief executive of Binance, Changpeng Zhao, assured the community that as long as he has a penny he would not allow <a rel="nofollow" target="_blank" href="#">the Bitcoin price</a> to go down to zero.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    Some expressed their concern about CZ’s promise and said they would short BTC, although the Binance chief did not say precisely how he was going to achieve his goal.
    
    One user asked if this was an open confession to conducting manipulations with the crypto market.
    
    <blockquote class="twitter-tweet">
    Is this you openly admitting to manipulating the markets?
    — Mohammad (@Abu9ala7) <a rel="nofollow" target="_blank" href="https://twitter.com/Abu9ala7/status/1239803447890849802?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote>
    
    
    A study made in 2018&nbsp;claims that the Bitcoin price peak in 2017 was achieved due to the fact that the <a rel="nofollow" target="_blank" href="https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html">market was manipulated</a> by means of the USDT stablecoin.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Curiously, after CZ posted the tweet, large amounts of Bitcoin and USDT started to arrive at Binance wallets, as <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert">detected by Whale Alert</a>. So far, around $27 mln worth of BTC and 20.5 mln USDT has been sent to the exchange.
    
    However, even if CZ does plan to impact the BTC price, that amount is not sufficient to create a market manipulation strong enough to push Bitcoin up substantially.
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Bitcoin, USDT Start Flowing to Binance – Did CZ’s Promise to Save BTC Cause This?

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Tue, 17/03/2020 - 14:43
Bitcoin, USDT Start Flowing to Binance – Did CZ’s Promise to Save BTC Cause This?
Cover image via www.forbes.com
Read U.TODAY on
Google News

Earlier today, the chief executive of Binance, Changpeng Zhao, assured the community that as long as he has a penny he would not allow the Bitcoin price to go down to zero.

Advertisement

Some expressed their concern about CZ’s promise and said they would short BTC, although the Binance chief did not say precisely how he was going to achieve his goal.

One user asked if this was an open confession to conducting manipulations with the crypto market.

A study made in 2018 claims that the Bitcoin price peak in 2017 was achieved due to the fact that the market was manipulated by means of the USDT stablecoin.

card

Curiously, after CZ posted the tweet, large amounts of Bitcoin and USDT started to arrive at Binance wallets, as detected by Whale Alert. So far, around $27 mln worth of BTC and 20.5 mln USDT has been sent to the exchange.

However, even if CZ does plan to impact the BTC price, that amount is not sufficient to create a market manipulation strong enough to push Bitcoin up substantially.

Advertisement
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