Crypto Communities on Reddit Reach All-Time High in Subscribers Amidst SEC Lawsuits and Reddit Blackout

June 14 (Cointime) - Recently, The subReddits r/Bitcoin and r/Ethereum saw a surge in subscribers, with over 364,000 and 461,000 new subscribers, respectively. This coincided with the SEC lawsuits against Binance and Coinbase. The surge led to r/Bitcoin surpassing 5 million subscribers and r/Ethereum reaching over 2 million. Bitcoin and ether were not implicated as securities in the lawsuits and have remained relatively stable in price compared to other tokens. Some crypto subReddits, including r/Bitcoin and r/Ethereum, went private for 48 hours to protest Reddit's new API pricing terms.

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