After a short-term recovery, bitcoin fell below $ 27,000

On the night of June 6−7, the bitcoin rate dropped, managed to rise above $ 27,300, and then collapsed again. Such fluctuations in the value of the currency were caused by lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against crypto exchanges Binance and Coinbase. Yesterday, the court charges brought the price of BTC down to $ 25,400.

According to CoinGecko, the price of bitcoin is currently down again to $ 26,664, with a daily price increase of 3.7%. The total market capitalization of cryptocurrencies increased by 1.8% to $ 1.16 trillion, with a daily trading volume of $ 58 billion.

Ethereum rose by 2.4% to $ 1861 in 24 hours, while XRP (XRP) rose by 3.7% to $ 0.52. Polygon (MATIC) fell by 4.2% to $ 0.79, Solana (SOL) — by 0.6% to $ 19.85, and Cardano (ADA) coin fell by 4.4% to $ 0.33.

The Fear and Greed Index rose from 44 to 53 points out of 100. Amid the rise in the value of the leading cryptocurrency, market participants' interest in buying digital assets has increased, but remains in the range of neutral sentiment.

Over the past day, 38,000 traders' positions totaling $ 118 million were liquidated on crypto exchanges. According to Coinglass, 64% of them were shorts and 36% were longs. Bitcoin orders accounted for $ 47 million, Ethereum — $ 26 million, and Pepe (PEPE) came in third, with $ 2.8 million worth of positions liquidated.

As a reminder, the US Securities and Exchange Commission, headed by Chairman Gary Gensler, has filed 13 charges against Binance and Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao. Following Binance, the US authorities sued the cryptocurrency exchange Coinbase for offering unregistered securities. Members of the cryptocurrency community are outraged by the situation and point to inconsistencies in the SEC’s words.