Polkadot (DOT) Faces Challenges Amid Binance Case and Security Classification

Polkadot (DOT) is just one of the assets recently referred to as a security by the U.S. SEC during a recent Binance case. Alongside macro winds, its classification as a security led to a substantial decline for DOT last week (June 5-10). Polkadot Price However, the fall eased on June 10, with DOT striving to reverse its recent losses. At the time of writing, DOT was trading at $4.66, marking a 3% increase in the last 24 hours, according to CoinMarketCap. Similarly, Bitcoin (BTC) surpassed $26,000 ahead of the May U.S. Consumer Price Index (CPI) data. After the Binance case and the subsequent categorization of DOT as a security, DOT finally fell below the short-term range formation (white) that started on May 8. It consolidated between $5.0 and $5.51 before falling below the lowest level of the range in 2022 and reaching $4.2. The prolonged fall on June 10 left […] The post Polkadot (DOT) Faces Challenges Amid Binance Case and Security Classification appeared first on COINTURK NEWS.