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...
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?
Bitcoin lost only 7.3% on news about the SEC's lawsuits, as $25,300 represented the bottom of a tight trading range.
2 min read
Updated: June 8, 2023 at 3:16 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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