Price Stability after FED’s Shocks
Jun, 2023

Price Stability after FED’s Shocks

The consequent lawsuits from US SEC against Binance and Coinbase, the largest crypto exchanges in the world, brought many shocks in the altcoin market.


More specifically, many altcoins, even the stronger (like Solana, Cardano, Polygon and Filecoin) recorded losses over 15 % in weekly basis. This strong correction in the market brought more anxiety to investors for the future of cryptos.


But, this week started much better as the majority of altcoins look to stabilize, when Cardano and XRP show a little uptrend at single digits.


The environment for cryptos in the USA seems to affect the Bitcoin’s and altcoins’ prices, but probably will bring the main market in other regions of the planet.


Wait to see the next place…..