Crypto Prices Show Signs of Stability After SEC Crackdown ConcernsJune 16, 2023 at 10:35 AM EDT
This week marked a period of relative stability in the cryptocurrency market, as prices showed signs of steadying after a significant sell-off triggered by legal actions from the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase for violating securities regulations. According to Coin Metrics, Cardano’s ADA coin remained unchanged on Monday, following a brief weekend tumble of approximately 17%. Conversely, Solana’s SOL recorded a 6% decline, while Polygon’s MATIC experienced a drop of more than 2%. During the weekend, both Polygon and Solana saw… About CryptoCurrencyWire CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge. To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only) For more information, please visit https://www.cryptocurrencywire.com Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer CryptoCurrencyWire (CCW) CryptoCurrencyWire is part of the InvestorBrandNetwork. More NewsView More
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