First Mover America: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase

Bitcoin (BTC) bounced back sharply on Tuesday after falling to a three-month low below $25,500 following news from Coinbase (COIN). sued on by the US Securities and Exchange Commission (SEC) on charges of violating federal securities laws. This followed a similar lawsuit against Binance on Monday. already nipping at your heels binance suite, Bitcoin plunged further in action on Coinbase and topped $27,000 again before recovering throughout the day. It retreated slightly on Wednesday night to the current $26,800, still up 4% over the past 24 hours. “The price action is certainly encouraging and shows that the market remains confident in the outlook for the space, despite efforts by regulation to slow the way down,” LMX Digital said in a morning note. coinbase lawsuit too 13 tokens listed Which can be considered securities, including Cardano’s ADA and Polygon’s Matic, both down 5% over the past 24 hours.