Bitcoin wobbles in the middle of the SEC fiasco, Ripple (XRP) slips to $ 0.52 (market observation)

Bitcoin wobbles in the middle of the SEC fiasco, Ripple (XRP) slips to $ 0.52 (market observation)

The cryptocurrency market has mostly recorded red numbers in the past 24 hours, with the Bitcoin price still being around $ 26,500.

BNB lost 6 %that day, which is definitely to be expected given the complaint of the SEC against Binance.

Bitcoin price fluctuates at

Despite an attempted relaxation, the price of Bitcoin remains relatively unstable with $ 26,500. The cryptocurrency noted by 1.6 % on this day and was unable to recapture the coveted mark of $ 27,000.

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Nevertheless, he still recovered from the low stalls of around $ 25,300, which were recorded two days ago, when it became known that the SEC is suing both bony and coin base. The Commission even went so far to apply for the freezing of Binance Us' assets and to issue a summons for Changpeng Zhao.

rippleist the only exception for XRP

All important cryptocurrencies have been in the minus in the last seven days, with the only exception Rippleder XRP is 3.3 % in the green area.

However, the market has not spared XRP in the last 24 hours.

Quantify Crypto

As can be seen in the heat map above, the entire cryptocurrency market in the minus.

Some cuts better than others, with ripple, Shib, OKB and Trx lose the least. On the other hand, sol seems to be the worst performer, followed by Bnb.

A look at the top 100 shows that very few token records record profits, and these are even minimal. For example, only Stx, XDC and CSPR in the green area, each with an increase of 3.7 %, 2 %and 1 %.

Kava cuts the worst today and has fallen by almost 20 % in the last 24 hours, followed by Algo von Algorand, which has lost around 9 %.

In any case, the market is currently in a challenging situation, since the SEC has started legal steps against the world's largest stock exchanges - Binance and Coinbase. Both companies are in defense and have explained that they will combat the lawsuits.

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