Despite the second high-tier lawsuit launched by the SEC against a crypto company yesterday, bitcoin actually defied expectations and skyrocketed by $2,000 in hours.
Most altcoins have also turned green, with ETH nearing $1,900 and LDO soaring by 9%.
BTC’s Rollercoaster
The primary cryptocurrency was stuck in a tight range at around $27,000 for weeks, but this finally changed on Monday when the US Securities and Exchange Commission sued Binance, its CEO, and its US affiliate.
BTC reacted with an immediate price drop that drove it south from $27,000 to a two-month low of under $25,500, leaving $300 million in liquidations. As the asset finally got a breath of fresh air, the US securities regulator announced another lawsuit – this time against Coinbase.
BTC dropped once more, this time from $25,800 to under $25,400, to chart another multi-month low. However, the landscape changed quite unexpectedly in the following hours, as the cryptocurrency went on a tear and soared by $2,000 to t
We współpracy z: https://cryptopotato.com/pepe-explodes-16-btc-recovers-most-sec-induced-losses-market-watch/
