Bitcoin’s dominance over the altcoins has gained roughly 1% in just a few days amid the latest developments on the SEC-crypto industry front.
Several altcoins have retraced today, including Cardano, which has dropped by more than 4%.
BTC Dominance Increases
Bitcoin started the week on a slightly positive note, surging to $27,500. However, it all changed quickly in the following hours as the SEC announced a lawsuit against B...
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Lido DAO price took a slight hit over the past 24 hours to decline by around 10% to trade at $2.15.
Investors' supply of over $300 million worth of LDO awaits a trigger for profits at $2.50.
The altcoin shares a negative correlation of -0.09 to Bitcoin that might prove to be in its favor.
Lido DAO price is following ...
The cryptocurrency market has mostly traded in the red during the past 24 hours, with Bitcoin’s price remaining around $26,500.
BNB lost 6% on the day, which is quite expected given the SEC’s lawsuit against Binance.
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 cove...
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Binance and its subsidiary Binance US will respond to the SEC’s temporary restriction freezing order by June 12.
As the entities grappled with the consequences of the SEC’s regulatory crackdown on the exchange, BNB price declined by 7% overnight.
The hearing on the temporary restraining order will be held on June 13....
The price of Bitcoin is currently on a downward trajectory since it faced resistance at $30K in April. However, there are notable support levels that may prevent further decline.
Technical Analysis
By: Edris
The Daily Chart:
On the daily timeframe, the Bitcoin price has consistently formed lower highs and lows in the past couple of months. The 50-day moving average acted as a strong resistance, causing a downward rejection ...
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Axie Infinity price is close to hitting the December 2022 lows of $5.85.
AXS holders have been actively selling following the 13% crash in the last three days.
Investor participation also jumped significantly as bearish concerns rose in the crypto market.
Axie Infinity price, following the broader market cues, is tre...
Despite the second high-tier lawsuit launched by the SEC against a crypto company yesterday, bitcoin actually defied expectations and skyrocketed by $2,000 in hours.
Most altcoins have also turned green, with ETH nearing $1,900 and LDO soaring by 9%.
BTC’s Rollercoaster
The primary cryptocurrency was stuck in a tight range at around $27,000 for weeks, but this finally changed on Monday when the US Securities and Exchange Co...
The price of Polygon (MATIC) is declining and is currently below the moving average lines.
Long-term forecast of the Polygon price: bearish
The negative trend of the altcoin has continued by reaching the support level, which is currently a...
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Ethereum Layer 2 tokens Optimism, Arbitrum and ImmutableX started price rallies in response to the SEC’s regulatory crackdown.
Optimism completed its Bedrock hard fork earlier today, reducing the Layer 2 solution’s gas fees by 40%.
OP, ARB and IMX prices yielded between 3% and 6% gains for holders since Tuesday.
Et...
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Polygon Network’s MATIC suffered a setback from the regulatory crackdown, and price dropped nearly 10% since Monday.
A large wallet address transferred $95 million in MATIC tokens from a cold wallet to Binance, increasing the selling pressure on the asset.
The Ethereum Layer 2 scaling token’s supply on crypto exchang...
