Bitcoin (BTC) saw a rebound in its price, reaching $26,250 on Bitstamp, after dipping to nearly three-month lows of $25,350 earlier in the day due to news of the U.S. Securities and Exchange Commission (SEC) suing exchange Coinbase. However, traders remain cautious about potential risks, such as the U.S. government selling BTC or a potential recession. Despite the legal action from regulators, some analysts see cause for renewed optimism, with one trader arguing that the news could mark the low of the correction and another announcing a BTC buy-in below $26,000. The mood among market participants remains positive, with some expecting a broader resurgence in the future.
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Bitcoin Recovers After SEC Sues Coinbase, Traders See Renewed Optimism
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