BNB took another hit in the past 24 hours that brought it south to just over $220.
In another attempt to recover some of the recent losses, bitcoin tried its hand at $26,000 but failed in its tracks, at least for now.
Some altcoins, such as ADA and MATIC, keep rebounding, but BNB has slumped hard once again to a multi-month low.It’s safe to say that the past seven days didn’t go well for bitcoin and the rest of the market. It all started on Monday when the US SEC launched a lawsuit against Binance that drove BTC south from $27,000 to $25,500. As the asset was trying to recover, the SEC did it again on Tuesday – this time, the regulator sued Coinbase.
Bitcoin slumped once more but, somewhat surprisingly, bounced off quite spectacularly and surged by $2,000 to $27,400. This momentum was stopped once again, and BTC retraced toward $26,500, where it spent the next few days. However, another market correction arrived on Friday night and Saturday morning, which drove the cryptocurrency back down to $25,500. More volatility followed during the weekend, and BTC tried to reclaim $26,000 but has been unable to, at least for now.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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