Bitcoin Regains $27K, Ethereum, Dogecoin Soar Despite SEC Lawsuits Against Binance, Coinbase: Analyst Foresees $42K Move For Apex Crypto
Portfolio Pulse from Mehab Qureshi
Despite SEC lawsuits against Binance and Coinbase, major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin experienced a spike. Bitcoin regained the $27,000 mark, and analysts predict a potential uptrend leading to $38-42K.
June 07, 2023 | 2:47 am
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Coinbase shares fell more than 12% after the SEC sued the company for allegedly acting as an unregistered broker and exchange.
The SEC lawsuit against Coinbase directly impacts the company's reputation and operations, leading to a decline in its share price. The lawsuit alleges that Coinbase acted as an unregistered broker and exchange, which could result in penalties and operational disruptions.
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