This week’s market turmoil, induced by the announcement of the U.S. Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase, appears to have been a momentary blip rather than a sustained downturn. While initial reactions saw panic selling, the market’s swift recovery reflects its robustness. The SEC’s lawsuits come from its increasingly stringent scrutiny […]
Market rebounds after SEC lawsuits spur brief panic Market rebounds after SEC lawsuits spur brief panic
The crypto market demonstrated its resilience by quickly recovering from major losses triggered by the SEC's lawsuits against Binance and Coinbase.
3 min read
Updated: June 7, 2023 at 3:33 pm
Cover art/illustration via CryptoSlate
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
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Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
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