Bitcoin Evades Direct Hit from SEC Lawsuits but Faces Potential Impact

Bitcoin has managed to dodge the bullet of direct impact from the SEC lawsuit, avoiding the significant losses experienced by altcoins. However, the threat to exchanges negatively influences Bitcoin liquidity, potentially causing a substantial decrease in BTC price in the future. The SEC lawsuits have marked one of the most critical weeks of the year for Bitcoin. Yet, due to macro-economic developments, volatility is expected to continue this week. Current Status of Bitcoin Negative sentiment from the SEC has triggered excessive selling in altcoins. This week, macroeconomic developments have provided a breather for investors following significant chaos. The United States is set to announce an important consumer price index report on June 13, followed by the interest rate decision on June 14. Both these events will directly impact risk market investors. After an inflation rate of 4.9%, a decrease to 4.1% is anticipated, with little chance of a change in […] The post Bitcoin Evades Direct Hit from SEC Lawsuits but Faces Potential Impact appeared first on COINTURK NEWS.