I definitely agree with you that it was a weak excuse. I thought it wasn't going to go down like this, then I looked at the charts after and it was right in line. Often when news appears to move crypto it seems like a lame excuse though. Then other times, when some major news hits that you think would affect it, it seems to not even flinch.
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That is a good point. I think that is likely because of two things. One being that much of the trading takes place in Asia and perhaps news like ICE building out a crypto exchange wasn't seen as big of news to them like it does folks in the US. Secondly, I think the market movers are placing trades in the OTC markets. Which is why the big moves often happen hours or days after the big news comes out as the price action starts to trickle out into the public exchanges..
That's a good point.
Some of this news that we view as "good" might actually not be in some ways, as many new users are often a lot more affected by FUD.
I was super excited about Starbucks and eBay allowing you to use crypto in the future. The market didn't seem even affected by it though. Guess they don't see the future of people selling their shit for crypto and paying for their morning coffee with a blog post. Or they don't care, because they don't have as much of an effect in asia.