Despite all this confusion in the crypto money industry, Bitcoin managed to rise above 27 thousand dollars.
The cryptocurrency market has suffered losses as the SEC filed two lawsuits. However, the leading cryptocurrency Bitcoin has risen above $ 27 thousand.
Bitcoin Rises Despite SEC Lawsuits
The cryptocurrency industry suffered serious declines with the SEC suing two major exchanges. The leading cryptocurrency Bitcoin experienced a serious decline after the lawsuit against Binance and received a reaction at the level of 25 thousand dollars.
The US Securities and Exchange Commission (SEC) has accused leading cryptocurrency exchange Binance of violating US securities law. After this news, most of the altcoins experienced serious decreases while Bitcoin tried the 25 din dollar levels. Following this situation, the SEC reported that it has filed a lawsuit against the US-based cryptocurrency exchange Coinbase today.
While the volatile stance in Bitcoin shows that it can try the levels of 28 thousand dollars in the future, it shows that the price of Bitcoin can fall again to the level of 26 thousand dollars in a bearish scenario.
The attitude of the SEC in the cases of Binance and Coinbase and the results of the lawsuits are being wondered by the crypto industry with great interest.
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