Crypto market scrutiny amps in US as Binance and Coinbase face SEC lawsuits

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) started last week with a hefty drop from around $26,600 to a low under the $25,500 mark, but quickly recovered to touch the $27,000 mark. The cryptocurrency has since corrected and is now trading at $26,000. Ethereum’s Ether, the second-largest digital currency by market capitalisation, started the week with a dip to $1,800, before moving back to the $1,900 mark. Since then the cryptocurrency has been slowly dropping and is now trading at $1,750. Headlines in the cryptocurrency space this…

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