In general, the last week of January has been extremely busy, but today he takes the prize. The number of events has caused a certain level of chaos in the crypto market, that is neither a positive nor a negative. We tell you!
Binance Sees Excess Crypto Demand Paralyzing It
During this day, one of the largest crypto exchanges in the market, Binance, was forced to temporarily suspend withdrawals as a result of what was called a “system overload.”
According to Decrypt, Changpeng Zhao, CEO of the crypto exchange, assured that the failures arose as a result of the combination of events associated with Elon Musk, Dogecoin and the chaos related to GameStop and r / wallstreetbets.
Elon Musk injects a crypto boost to Bitcoin
Elon Musk today updated his Twitter bio and added “#Bitcoin,” causing the leading crypto to surge $ 6,000 in a matter of hours.
But, no, this does not end here. Elon Musk sparked a chain reaction that led to many Twitter accounts incorporating Bitcoin into their biographies.
“Everyone, put #Bitcoin in your bio. Plant the flag to declare that you are ready for the future», tweeted Russell Okung, offensive tackle for the Carolina Panthers.
Crypto rebellion against Wall Street breaks out
If you have checked our portal, you will know that Wall Street is facing an uphill battle with online investors. However, it is a revolution that will undoubtedly remain in history.
In fact, Elon Musk referred to the rebellion against Wall Street on Twitter noting that “in hindsight, it was inevitable.” However, this message too has been immortalized on the Bitcoin Blockchain.
Meanwhile, the SEC public a note in which he assured that they will act in favor of “Protect retail investors when the facts show abusive or manipulative business activity that is prohibited by federal securities laws».
Anthony Pompliano, Co-Founder of Morgan Creek Digital, praise the progressive approach of retail investors, something that, in his opinion, is helping them make winning decisions and beat traditional investors on Wall Street.
Robinhood also restricts on crypto trading
The crypto exchange was caught up in all the chaos the markets have experienced this week after suspending transactions with GameStop shares and others.
This caused the fury of many, but it seems that it was not enough for the platform since, in fact, it also suspended in crypto trading.
According to CNBC, Robinhood imposed restrictions on crypto trading just as the price of Bitcoin and Dogecoin skyrocketed.
“Due to extraordinary market conditions, we have temporarily disabled the instant buying power for crypto”the Robinhood spokesperson told CNBC.
CoinMarketCap adds humor to the chaos
In the midst of the chaos that exists in the crypto market and the traditional market, CoinMarketCap added a WallStreetBets token but, not only that, but it placed a market capitalization higher than Bitcoin.
However, don’t worry! It’s just a joke, they warn on their website.
In a few lines …
- Dogecoin, the crypto meme, was inflated 800% after the Wall Street Bets ‘President’ comment.
- OnlyFans star Mia Khalifa apparently I buy Dogecoin according to a Tweet.