Bitcoin, Ethereum, Dogecoin Tumble After SEC Lawsuit: Analyst Says Binance's Success Is Key To Apex Crypto's Survival

Major cryptocurrencies dropped on Monday evening after news broke that the Securities and Exchange Commission (SEC) had filed charges against Binance, one of the largest cryptocurrency exchanges, and its founder Changpeng Zhao for alleged securities violations. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

Timeline of Bitcoin, Dogecoin, Ethereum

Stablecoin issuer Tether has joined a green energy project in El Salvador that aims to invest $1 billion in building a 241 MW generation park called "Volcano Energy" in Metapán.

Popular cryptocurrency analyst Ali Martinex has said that Bitcoin has its “most important support level” between $26,360 and $27,160. The range is notable, as it represents a significant volume for the cryptocurrency. As per Martinez's observations, over 2.36 million unique Bitcoin addresses bought more than 1 million Bitcoin within this price range.

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A widely followed crypto strategist believes that both Litecoin (LTC) and Ethereum (ETH) are on the verge of igniting breakout rallies. In a new strategy session, Michaël van de Poppe says that Litecoin's halving narrative could push the peer-to-peer payments network to a level last seen in December 2021.

In a significant development this week, Bitcoin price has crossed bearish on the weekly LMACD (Logarithmic Moving Average Convergence Divergence), marking the first time this has occurred in 2023. Does this mean further decline for BTCUSD, or do bulls still have a chance to save the recent uptrend?

Despite displaying an admirable measure of strength year-to-date, Bitcoin has not been off to a good start this month, with the top cryptocurrency losing momentum due to recent market dynamics.

Elon Musk, the fabulously wealthier innovator, faces a class-action lawsuit from investors who accuse him of insider trading and manipulating Dogecoin (DOGE). Musk's actions allegedly led to a significant rise in Dogecoin's price.

Bitcoin (BTC) and other cryptocurrencies have taken a hit in the wake of recent news regarding Binance, the world's largest cryptocurrency exchange by trading volume. The market has reacted with concern to the disclosure of a complaint against the exchange, which has sparked a wider downtrend throughout the cryptocurrency industry.

Following the company's announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Volcano Energy.

The Bitcoin Ordinals protocol developers have introduced a new upgrade to rectify over 71,000 invalid inscriptions previously untradeable. These inscriptions often result from incorrect usage and were rendered useless and untradeable until now.