Here's Why Polygon (MATIC) Is Moving
Portfolio Pulse from Henry Khederian
Polygon (MATIC) is trading lower by 4.57% to $0.84 during Monday's session, in line with the overall weakness observed in the cryptocurrency market. This follows the SEC's lawsuit against Binance for alleged U.S. securities violations, causing various cryptocurrencies to decrease in price.
June 05, 2023 | 6:03 pm
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Polygon (MATIC) is trading lower by 4.57% to $0.84, in line with the overall weakness observed in the cryptocurrency market following the SEC's lawsuit against Binance for alleged U.S. securities violations.
The SEC's lawsuit against Binance, the largest cryptocurrency exchange in the world, has caused a decrease in the prices of various cryptocurrencies, including Polygon (MATIC). As a result, MATIC is trading lower by 4.57% to $0.84, indicating a negative short-term impact on its price.
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