Crypto markets inched higher on Wednesday as traders shook off the regulatory troubles of Binance and Coinbase , two of the largest crypto exchanges by trading volumes, in a move that suggested bullish strength for major tokens.
Large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly. BNB coin , Solana's SOL, Cardano's ADA and Polygon's MATIC, tokens alleged as securities in multiple filings earlier this week reversed losses as well, but were ultimately trading at a 3% haircut compared to Tuesday.
“It’s possible we’ll continue to see this bifurcation of crypto markets, with the blue-chip bitcoin and ether holding ground, but with continued uncertainty for the majority of altcoins,” Mei added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US SEC Identifies 12 Crypto Tokens as Securities in Binance Lawsuit – Regulation Bitcoin NewsThe U.S. SEC has identified 12 crypto tokens as securities in a new lawsuit filed against Binance and its CEO Changpeng Zhao (CZ). cryptocurrency
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin crashes to lowest in months after SEC sues world’s largest crypto exchangeBitcoin fell to its lowest level since March after the SEC announced it is suing Binance and its CEO for breaking securities law.
Source: dcexaminer - 🏆 6. / 94 Read more »
Bitcoin whipsaws after SEC sues Coinbase and Binance in two-day span: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cory Klippsten, the CEO of Swan Bitcoin, discusses the impact of the SEC's continued crackdown on crypto exchanges.
Source: CNBC - 🏆 12. / 72 Read more »
Bitcoin Rallies Above $27K as Crypto Market Shrugs Off SEC Lawsuits Against Binance, Coinbase$BTC rose over $27K as the wider crypto market rallied, despite SECgov lawsuits against binance and coinbase. $BTC may benefit from the crackdown, spurring investors to ditch altcoins, one observer noted. sndr_krisztian reports
Source: CoinDesk - 🏆 291. / 63 Read more »
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns – Bitcoin NewsThe U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as SEC Sues Binance – Market Updates Bitcoin NewsBitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit.
Source: BTCTN - 🏆 531. / 51 Read more »