The “SEC and Binance” is gaining much attention from the blockchain community. How will the market sentiment behave due to this intensive period? Share your opinions in the comment section.
anonymous poll

Bullish – 63
👍👍👍👍👍👍👍 58%

Bearish – 30
👍👍👍 28%

Rather Bullish – 9
👍 8%

Rather Bearish – 6
👍 6%

👥 108 people voted so far.

🔊Weekly Market Highlights #50: June 5 - June 11

✨The cryptocurrency market received two heavy blows when the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and Coinbase, alleging illegal trading of cryptocurrencies that were declared securities, along with many other mistakes.

✨However, last week also recorded many positive updates from the development of Ethereum, Optimims, DeFi - Web3 projects funded, and the MiCA law was officially passed in the EU.

✨Over the past week, the crypto market decreased ~$87B (from ~$1,134B to ~$1,047B) of its total capitalization.

✨BTC Reacted Better
✅BTC experienced enhanced volatility almost a week ago when it dumped from $27K to under $25,4K once the SEC announced its two back-to-back lawsuits against Binance and Coinbase. Interestingly, it reacted well and skyrocketed by $2K after the second one.

✅After that, Bitcoin experienced some volatility, briefly reaching $26,5K before dropping due to a market decline. It fluctuated between $26,2K and under $25,5K and now struggling below $26K

✨Alts’ Rollercoaster
✅BSCS is trading at $0,007886, +3,43% from its 7-day all-time low of $0,007624.

✅The recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could be unregistered securities have started to take their toll on the market.

✅Many of the mentioned by the SEC in its lawsuits against Binance and Coinbase plummeted by double digits yesterday. These include ADA, SOL, SHIB, AVAX, FIL, and many others.

✅However, the landscape for some of them is quite different. ADA has jumped 9% to over $0.27. SHIB is up by a similar percentage, SOL has added 7%, which was also mimicked by FIL, CRO, GRT, and others.

✨Bitcoin Fear and Greed Index is 47 - Neutral, lower than at the beginning of the week (53)

✨ Dominance:
✅BTC: 47.8%
✅ETH: 19.9%

📣Stay tuned! The market's highlights will be updated by BSCStation 😎

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🔊Weekly Market Highlights #51: June 12 - June 18

✨The third week of June 2023 saw the arrival of a series of important news affecting the Bitcoin price. First, the US CPI continued to fall, causing the Fed to stop raising interest rates for the first time in more than 18 months - driving the price of BTC to dump sharply.

✨Over the past week, the crypto market increased by ~$17B (from ~$1,047B to ~$1,064B) of its total capitalization.

✨BTC Stalls at $26.5K
✅The Fed's decision to pause its interest rate hiking policy didn't affect BTC, but only initially. BTC was dumped hard just a few hours after the Fed's announcement and plummeted to a three-month low of under $24,8K on Friday.

✅As the markets shed billions of dollars in days and fear returned, the bulls finally intervened and didn't allow further declines.

✅Perhaps fueled by BlackRock's filing for a Bitcoin Spot ETF, the cryptocurrency bounced off by a grand before it skyrocketed to a weekly high of $26,8K on Saturday morning.

✨APT Steals the Show
✅BSCS is trading at $0,009704, +23,52% from its 7-day all-time low of $0,007856.

✅The alternative coins went through similar volatility during the week but recovered most losses. Ethereum, for instance, had declined to just over $1,6K, which was a four-month low. It pumped and now trading around ~1,7K

✅BNB was harmed the most following the SEC's lawsuit against Binance. It charted a six-month low at $222 a few days back but is close to $243 now.

✅XRP and DOT are slightly green from the larger-cap alts, while ADA, DOGE, TRX, SOL, MATIC, and LTC have minor losses. SHIB has pumped by over 4%.

✅APT has gained the most from the top 100. APT is up by 7% and trades at ~$6,7.

✨Bitcoin Fear and Greed Index is 48 - Neutral, higher than at the beginning of the week (47)

✨ Dominance:
✅BTC: 48.1%
✅ETH: 19.5%

📣Stay tuned! The market's highlights will be updated by BSCStation 😎

⭐️ BSCStation Official Media Channels:
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