Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Binance “FUD” fuels bearish BTC moves

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp.

The pair retraced its entire run to one-month highs courtesy of the latest macroeconomic data and policy update from the United States.

Amid ongoing…


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