- Cryptocurrencies showed signs of recovery on Tuesday following yesterday’s market-wide pullback in response to charges filed against Binance by the U.S. Securities and Exchange Commission . The positive movement comes despite the fact that the SEC also filed charges against Coinbase, the largest crypto exchange in the U.S., on Tuesday morning.
Data from TradingView shows that Bitcoin’s price initially sold off after the charges against Coinbase were revealed, plunging to a low of $25,470 before dip buyers showed up in force to aggressively bid the top crypto back above $27,000 during afternoon trading.
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