Let me start by congratulating all the bulls for getting Bitcoin back to where it was before it was lowered in price. BTC was trading at $27200-$27400 two days earlier when a news event caused a sharp decline in price of more than 6%, bringing it to $25K and around this price.

CRYPTO MARKET RESILIENT

The SEC's lawsuit against Binance CZ's, which undoubtedly had a negative impact on the market, was the source of the report. This is due to the fact that Binance is the biggest exchange in the cryptocurrency industry, making it more significant to investors. The trade involved is quite significant, and any negative news about it will have an adverse effect.

Despite such a significant decline, the market has recovered, showing that bulls are quite sharp and investors are taking advantage of opportunities to buy at a lower price. Individuals also do not want to lose out on the possibility to purchase every coin at a cheaper rate. In other words, Bitcoin is more stronger than it was during the previous downward trend.

This is the crypto market in which all investors have faith. Despite such terrible news, the market appears to be much stronger, and the bullish rise shows that we are on our way to the next target, which is $45K before the end of the year, as I expected. I am more certain now that this market will be unaffected by any external factors.

Last night, we saw a bullish move that sent the price skyrocketing. We came to hear more bad news from the SEC, who charged Coinbase with failing to obey crypto standards two years ago, which is simply false blaming and has no meaning. To be honest, they are attempting to bring the crypto market to a halt, but they are unable to accomplish it.

This is due to the fact that cryptocurrency has expanded throughout the world, making it difficult for any authority to stop and outlaw cryptocurrency. I have some examples of countries that tried to prohibit or pressurise crypto but were unable to do so and instead joined the crypto realm. China, India, Pakistan, and many other countries are among them.

ASIA EMERGES AS CRYPTO HUB, CHINA'S REVERSAL SPARKS BULL RUN

China attempted to outlaw crypto purchasing and selling, set severe standards, and finally proclaimed a ban, but what happened to the crypto market? BTC has reached an all-time high of $65K. Similarly, India implemented a ban, but nothing happened in the crypto world, so they reconsidered and legalised it again, with a 30% tax on crypto users.

Now, the latest news of Pakistan imposing a ban on cryptocurrency has given it a good boost, and the price rose to a new high following this bear trend. The price tose to about $31K two weeks ago demonstrating that after every ban, crypto users will penalise those countries. There is no reason for any country to outlaw or legalise this industry because it has spread all over the world with its own set of rules and regulations.

China, which had banned cryptocurrency, is suddenly reconsidering, and they are looking to make Hong Kong a crypto hub. They have realised that the existence of Crypto is advantageous to the country and the global economy. According to recent news, Hong Kong is developing its own stable coin, which is extremely beneficial to the crypto industry.

The United States and the European Union are the next countries to consider banning cryptocurrency. However, they do not believe that every piece of bad news would cause the market to rise and favour crypto investors. This suggests that crypto cash flow is shifting to Asia, and that Asian countries will become the crypto hub in the future. China, India, Korea, Iran, and other countries are examples.

This will have a significant benefit for Asia because all of the money spent in Crypto will come to Asia. The financial flow will increase, and it is apparent that all countries who allow Crypto will gain from it and develop their economies. After Dubai, China appears to be the greatest crypto hub, which is highly encouraging for the industry.

Very soon, you will see a massive bull run in the crypto sector, and if that happens, remember that Chinese are now buying Crypto, which will undoubtedly drive the price skyward. It is advised to all investors that they should never entrust their cryptocurrency assets to governments since they will keep them for the next bull run. Never panic when hearing such news; instead, ignore it and continue to invest and hold tight.

This is an effort on my side to keep you updated on Cryptocurrency news and how the Crypto market has stabilised without relying on any government or news. I hope you learn something from this post and that it is also informative. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.