Somewhat expectedly, BNB is among the poorest performers in the past 24 hours.
After several weeks of trading sideways, bitcoin finally produced a volatile move but in a highly unfavorable fashion for the bulls.
The altcoins are also deep in the red today after the SEC’s latest lawsuit against a cryptocurrency company.The primary cryptocurrency stood in a tight range at around $27,000 for the past few weeks, with only minor fluctuations above and below that level. This prompted several on-chain analysts to warn that there could be enhanced volatility right around the corner.
This finally occurred yesterday. Bitcoin had initiated another leg-up that drove it to $27,500, but the unsuccessful attempt pushed it back down to $27,000. As the situation resembled the scenario from May and early June, it all changed after the US Securities and Exchange CommissionBeing the largest cryptocurrency exchange, the development resulted in immediate price drops for BTC and the entire market.
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