![]() ![]() It then looked to do the same with the next crucial support level at 496.684 billion, but was unable to flip the level into resistance. Investing in or trading crypto assets comes with a risk of financial loss. The total altcoin crypto market cap plummeted below the key support level at 550.683 billion over the past 24 hours. The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. He added that investors would not invest in the crypto industry or crypto-focused projects till the war between regulators and companies is resolved. The declining market is an opportunity as the decreasing price of some popular tokens might lure users into holding or trading more tokens, ultimately boosting prices.Īccording to Kevin O’Leary, crypto is a “radioactive waste” for institutional investors till the giants of crypto agree with the SEC. It slipped more than 7% in weekly sessions. In the last few weeks, the first position in the market in terms of trading volume has been acquired by stablecoin USDT earlier, the position was held by Bitcoin.Įthereum too recorded a sharp price drop. Some close sources reveal that in the coming times, the market cap of Bitcoin will fall as Robinhood has around $1.3 Billion worth of Altcoin, including Ethereum and Dogecoin in BTC, and might flood the market soon. It is important to note that there are no appropriate rules and regulations for the crypto industry the SEC defames crypto-focused companies and exchanges.Īccording to CoinMarketCap, Bitcoin slipped by over 4% in weekly trading sessions, and it was the first time after January 2023 that BTC showed a massive decline.Īt press time, BTC was trading at $25,797 with a 24-hour trading volume of $15 billion. Market Cap Current Price x Circulating Supply For example, if each unit of a cryptocurrency is being traded at 1.00, and the circulating supply is equal to 50,000,000 coins, the market capitalization for this cryptocurrency would be 50,000,000. It is not the first time that the SEC has targeted exchanges for selling unregistered securities. Gary Gensler is known for his critical comments on the crypto market. ![]() SEC Chair and Crypto Market: A Bitter Relationship A massive 5-40 percent decline is seen following the drastic action against exchanges. Continued 0.9218 matrix mastercard 0.9218 altcoin mining 0.9202. Some leading tokens majorly affected by SEC actions are Cardano, Solana, Gala, Shiba Inu, Dogecoin, Pepecoin, and The Sandbox among others. dell active stylus 0.8896 coin market cap 0.8894 current price of bitcoin 0.88922. The lawsuit against Coinbae alleges that the crypto exchange had been selling unregistered securities for a long time and has earned Billions in profit by selling the tokens. ![]()
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