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4pkjai
on Dec 13, 2022
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Binance freezes withdrawals of stablecoin USDC as ...
This might be why BTC is shooting up at the moment. If you can't withdraw your stable coins you might as well buy Bitcoin and withdraw that.
jscottmiller
on Dec 13, 2022
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This is exactly what happened at Mt Gox almost a decade ago.
dbancajas
on Dec 13, 2022
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except those BTCs are not real. They are just pretend BTC in your account. You have to send it to your wallet
roflyear
on Dec 13, 2022
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No, BTC is just fairly correlated with the US stock market.
JofArnold
on Dec 13, 2022
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More likely it's reacting to inflation data.
cableshaft
on Dec 13, 2022
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Yeah, this is almost certainly what's going on. Lower inflation has juiced up its price in the past, same with stocks.
Several of my stock holdings are up the same amount as Bitcoin is today.
NotYourLawyer
on Dec 13, 2022
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Makes sense. It’s an iNfLatIon hEdGe.
latchkey
on Dec 13, 2022
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Or it could be on the news that SBF was arrested?
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