Bitcoin and other cryptocurrencies have been impacted by regulatory pressure, with BTC stabilizing below the key 200-week moving average. Altcoins have been hit particularly hard, with Robinhood announcing it will remove support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the US Securities and Exchange Commission (SEC). This has resulted in market selloffs and long liquidations totaling $320 million for June 10.
– Bitcoin is stabilizing below the key 200-week moving average due to regulatory pressure.
– Altcoins have been hit particularly hard, with Robinhood announcing it will remove support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the US Securities and Exchange Commission (SEC).
– This has resulted in market selloffs and long liquidations totaling $320 million for June 10.
