Bitcoin investors remain resistant despite the setback at Coinbase, Binance: Data

Bitcoin investors remain resistant despite the setback at Coinbase, Binance: Data
The overall market capitalization fell to $ 1.07 trillion-a level that was last reached three months ago-before it was easy to relax $ 1.1 trillion. Bitcoin, for example, fell close to a two -month low after trading has largely fluctuated in the past few months. Several top altercoins recorded higher losses, which gave rise to concern about additional market stress.
Nevertheless, the on-chain data reflected an optimistic picture, since investors remained resistant in the face of serious regulatory turbulence.
Current surrender by over 96 % low
The crypto market suffered losses in the millions due to liquidations, since two of its largest actors were sued this week by the US stock exchange supervision SEC (Securities and Exchange Commission). The agency raised 13 charges against Binance and its boss CZ and accused the only listed stock exchange in the country, coin base, violations of securities laws the next day.
But the latest from Glassnode Analysis pointed to an increased resistance of the market participants hin.
The crypto analysis company said that the increasing regulatory pressure of the United States on the large crypto heavyweights Binance and Coinbase had triggered considerable volatile movements for the market in "both directions". Nevertheless, the size of the "realized losses" recorded in the chain remains at around $ 112 million-which is about $ 3.05 billion less than in the largest recorded capitulation event.
Bitcoin price recreation
The Bitcoin Spot Prize found strong support on the previously registered important price levels despite the downward pressure. Glassnode stated that a continued duration above these key levels would continue to be a constructive signal for the current trend.
In the meantime, Bitcoin quickly recovered to almost $ 27,000 before he slipped slightly today. The ability of the market to shake off the initial nervousness showed a confident view of the participants despite the attempts to slow it down by a path to regulation that has not yet been clear.The hash rate and the difficulty of Bitcoin compared to regulatory turbulence remained "indifferent" and continued to move near their respective all-time highest.
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