Crypto market sees slight gains as fallout from SEC lawsuits subsides

- The cryptocurrency market saw slight gains on Thursday as the fallout from the Securities and Exchange Commission’s lawsuits against Binance and Coinbase has begun to subside even as the threat of additional enforcement actions remains.

At the close of markets, the S&P, Dow and Nasdaq all finished higher, up 0.63%, 0.54%, and 1.02%, respectively. In order to avoid a bearish takeover of the price action, MN Trading founder Michaël van de Poppe has identified $26,100 as the support level to maintain to “avoid a cascade.”Needs to hold above $26,100 to avoid a cascade. pic.twitter.com/HbWBgREkyK

To avoid extra pressure on the 200 MA, BTC needs to Weekly Close above blue to enable a move to black #Crypto #Bitcoin pic.twitter.com/2Xxj7pBypP

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U.S. SEC’s crackdown on Coinbase, Binance puts other crypto exchanges on noticeThe lawsuits raise questions about other exchanges that have also allowed U.S. investors to trade cryptocurrency coins, and whether they could be at risk of SEC action, industry executives said
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