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Market rebounds after SEC lawsuits spur brief panic Market rebounds after SEC lawsuits spur brief panic

Market rebounds after SEC lawsuits spur brief panic

with insights from Glassnode

The crypto market demonstrated its resilience by quickly recovering from major losses triggered by the SEC's lawsuits against Binance and Coinbase.

Market rebounds after SEC lawsuits spur brief panic

Cover art/illustration via CryptoSlate

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 […]