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Crypto Market Bleeds Red: Is It Time to Buy the Blood?

June 15 (Cointime) - The crypto market is facing a critical moment due to regulatory pressure, including lawsuits against Binance and Coinbase by the SEC and the Ripple case. This has led to a significant drop in prices, with Bitcoin losing support at $26,000 and falling 2.30% in the last week. Ethereum has also experienced losses, dropping below the $1,750 support.

However, contrarian investing suggests that this could be a good time to invest in the market, as the Crypto Fear & Greed Index moves back into the Fear territory and the total market cap remains above $1 trillion.

Bitcoin Bitcoin $93,218.24
-5.51%
Bitcoin Ethereum
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