Bitcoin, Ether Remain Resilient After Binance, Coinbase Suits, and Amid Long-Running Crypto Industry Turmoil

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Crypto Markets Analysis: The two largest cryptos by market value have shown a remarkable ability to weather crypto turmoil and macroeconomic events over the past year. GWilliamsJr_CMT reports

SEC lawsuits against Binance and Coinbase and other issues affecting multiple altcoins have had a lesser impact on bitcoin and ether.It’s been one year since one of crypto's largest sell offs. What’s happened since then?The current environment in crypto bears some remarkable similarities to the turmoil of a year ago when prices plunged. Yet there are also fundamental differences that suggest markets are in a better place than before.

Binance and Coinbase already appear to be suffering financially after the Securities and Exchange Commission’s decision to sue them for violating securities law – outflows from both soared last week, even if neither seems to have solvency issues. Binance faces charges that it commingled funds, while Coinbase is accused of selling unregistered securities, even though the SEC approved Coinbase’s initial public offering.

The SEC’s exclusion of bitcoin and ether from their seemingly arbitrary list of securities has offered the latest evidence that they should fall outside of the SEC’s purview. Today’s CPI report showed annual headline inflation of 4%, slightly below expectations of 4.1%. The monthly CPI increase of 0.1% was also ahead of a projected 0.2% increase in prices.

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Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee AltcoinsThe combined market capitalization of $BTC, $ETH and stablecoins reached 80.5% of the whole crypto market, the highest level since February 2021, K33Research noted, as investors fled to relative safety from smaller altcoins. sndr_krisztian reports
منبع: CoinDesk - 🏆 291. / 63 ادامه مطلب »

Bitcoin and select altcoins show resilience even as the crypto market sell-off continuesSeveral altcoins declined by 15% or more in the past week. noshitcoins investigates whether the situation will worsen or improve in the short-term.
منبع: Cointelegraph - 🏆 562. / 51 ادامه مطلب »