The cryptocurrency market is still in a bassist tendency, but there are some recovery signals. The price of Bitcoin has recovered slightly this week although today it has almost returned to the exit box.
- Bitcoin recovers slightly, but is still in a bassist trend. The price of Bitcoin has recovered slightly this week, from $ 26,500 to $ 27,500. However, at the end of the week it has returned to go back, continuing with a certain bassist tendency, maintaining with losses of 70% of its value from its historical maximum of November 2021.
- The SEC demands Binance for operating illegally in the United States. The United States Stock Exchange and Securities Commission (SEC) has sued Binance, the world's largest cryptocurrency exchange, for illegally operating in the United States. The SEC alleges that Binance has not registered its operations in the country and that it has offered investment services without due authorization.
- El Salvador buys 800 bitcoin. El Salvador, the first country to adopt Bitcoin as a legal tender, has bought 800 Bitcoin additional this week. The country has accumulated a total of 2,301 Bitcoin since it adopted the currency in September 2021.
- Magic Eden Integra NFTS Compressed Solana in his market. Magic Eden, the largest NFTS market in Solana, has integrated compressed NFTS on its platform. Compressed NFTS are a new way of storing NFTS that reduces its size and makes them easier to exchange.
The continuous struggle of the SEC, although it could lead to greater market regulation, nobody still lies, especially investors. More and more people think that the SEC is focusing their efforts on destabilizing the market instead of really protecting the investor.
There is no doubt that there are still many risks associated with cryptocurrencies that can and should be regulated, but in a clear and transparent way. The cryptocurrency market remains a volatile market, and unclear regulation movements do not help precisely market recovery.
One of the news of which the market is pending is the resolution of the appeal of the SEC. After the wrapping he suffered in his struggle with Ripple (XRP), another varapalo to the sec would greatly encourage the market.
