Yesterday, leading Bitcoin exchange OKEx revealed that it had frozen withdrawals of all cryptocurrencies, from Bitcoin to the altcoins it supports. The firm said one of our private key holders is currently cooperating with a public security bureau.”
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom OKEx News Doesn’t Hurt Bitcoin Trend
While the news was notable for Bitcoin on many levels, the price of BTC was relatively resolute in the face of this event. In fact, from the time the news was released to the local lows in the two hours after it was shared, the drop that took place measured 2.5% at its worst.
Many in the space commented that if this was 2017 or 2018, the responding move for Bitcoin would have been 10-20%.
This is a trend that many analysts have noted over recent weeks: negative news has had a decreasingly notable impact on Bitcoin’s trajectory.
Many see this as a