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$70B Gone From Crypto Markets as SEC Cracks Down on CEXs

Bitcoin slumped by over $1,000 in the past 24 hours to a three-week low below $22,000 as the SEC officially went after crypto staking.

Most altcoins are bleeding out just as badly, with ADA, DOGE, OKB, SOL, DOT, and many others dumping by over 5% in a day.

The situation with the lower- and mid-cap altcoins is similar, as most have dropped by between 5-10%. As such, it’s no wonder that the cumulative market cap of all crypto assets has slumped by $70 billion in a day and stands just inches above $1 trillion.

(By Jordan Lyanchev)

Bitcoin Bitcoin $88,134.50
-1.46%
SEC
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