The recent actions taken by the SEC against Binance and Coinbase have caused volatility in the cryptocurrency market, but it has not collapsed, indicating maturity in the space. Traders withdrew 12,600 Bitcoin from exchanges, showing that they did not panic.

The support level for Bitcoin is $25,250, and a break below it could lead to a potential fall to $20,000. Litecoin has fallen below moving averages, and bears are selling on rallies, potentially dragging the price to the uptrend line. This article is for general information purposes and is not intended to be taken as legal or investment advice.