05 Jun 2023
SEC targets exchanges for pushing unregistered securities
BTC drops sharply on the SEC news.
Preview
In Short
SEC suing Binance and Coinbase led to a sharp market drop.
SEC targets Binance and Coinbase
Bitcoin saw a sharp push lower yesterday amidst SEC’s lawsuit vs. Binance, leading BTC to
reach lows not seen since March 17 and to retest range highs from February 21 before
stabilizing at $25,700. The past week’s downtrend from highs above $28k has widened the
trading range further, signaling a new volatility regime ahead.
