Bitcoin and other cryptocurrencies have been affected by regulatory pressure, with BTC stabilizing below the 200-week moving average. Altcoins have been hit particularly hard, with Robinhood announcing the removal of support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the US Securities and Exchange Commission (SEC), causing Cardano and Solana to drop nearly 25% in 24 hours. The events have had a major impact on the overall cryptocurrency market cap, with long liquidations totaling $320 million for June 10.
– Bitcoin has stabilized below the 200-week moving average due to regulatory pressure.
– Altcoins have been hit particularly hard, with Robinhood announcing the removal of support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the US Securities and Exchange Commission (SEC).
– Long liquidations totaled $320 million for June 10.
