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Why is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown? Why is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown?

Why is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown?

with insights from Glassnode

Bitcoin lost only 7.3% on news about the SEC's lawsuits, as $25,300 represented the bottom of a tight trading range.

Why is Bitcoin is holding strong in spite of the SEC’s regulatory crackdown?

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin's surprising recovery after the U.S. SEC's lawsuits against Binance and Coinbase has left many investors puzzled. A deeper analysis of the trading range reveals three essential price points that played a critical role in stabilizing the cryptocurrency's value this week...