Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Cointelegraph
Published Nov 30, 2022 03:30PM ET
Updated Nov 30, 2022 05:00PM ET
Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30.
Binance shut its operations in Japan in 2018 after being warned by the Japan Financial Services Agency for operating without a license. The acquisition of Sakura Exchange BitCoin would mark the re-entry of Binance in the Japanese market.
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Written By: Cointelegraph
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