BTC, ETH Stay Pat Amids Binance, Coinbase Lawsuits
By Kapil Rajyaguru
Bitcoin remains well above the crucial support at $26,400, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase.
When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the dips rather than panic and dump their holdings.
The bulls have managed to maintain Ether above $1838, down by 0.42% in the last 24 hours.
The global crypto market cap is $1.1T, a 0.35% decrease over the last day. The total crypto market volume over the last 24 hours is $26.01B, which makes a 0.28% increase.
The total volume in DeFi is currently $1.74B, 6.70% of the total crypto market 24-hour volume. The volume of all stable coins is now $24.41B, which is 93.82% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 46.75%, an increase of 0.21% over the day.
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