Bitcoin Shaky Amid SEC Fiasco, Ripple (XRP) Slides to $0.52 (Market Watch)

The cryptocurrency market has mostly traded in the red during the past 24 hours, with Bitcoin’s price remaining around $26,500.Bitcoin’s Price Shaky at $26,500

Despite an attempted recovery, Bitcoin’s price remains relatively unstable at $26,500. The cryptocurrency is trading down 1.6% on the day and has been unable to reclaim the coveted $27K level.That said, it still recovered from the lows at around $25,300 charted two days ago when news broke out that the SEC is suing both Binance and Coinbase. The Commission has gone so far as to request a freeze of the assets of Binance US and issue a summons for Changpeng Zhao.

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Bitcoin traders bet on $24K BTC price as market digests SEC vs. BinanceBitcoin reels from fresh Binance drama with BTC price now due even lower levels, traders say. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came from a knee-jerk market reaction to the news that the SECGov was suing binance and its CEO, cz_binance.
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