Altcoin prices have been affected by the SEC lawsuits against Binance and Coinbase, with 23 cryptocurrencies being labelled as securities. However, Bitcoin and Ether have held out relatively well, suggesting that institutional investors are not panicking and dumping their positions. If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
– Altcoin prices have been affected by the SEC lawsuits against Binance and Coinbase, with 23 cryptocurrencies being labelled as securities.
– Bitcoin and Ether have held out relatively well, suggesting that institutional investors are not panicking and dumping their positions.
– If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
