Crypto Market Faces Tremors: SEC Leaked Opinion Triggers Potential Massive Altcoin Sell-off

Crypto markets turned red following a leaked ETF opinion from the SEC. It’s expected to be a busy day tomorrow as courts have permitted long-anticipated sales, potentially triggering tens of millions of dollars worth of altcoin sales. This final move in a shallow liquidity environment could intensify the negative sentiment for the mentioned altcoins. Altcoins Might Drop The bankrupt cryptocurrency lending firm prepares a distribution plan that will only take place with Bitcoin (BTC) and Ethereum (ETH), the two most commonly used cryptocurrencies, while Celsius was permitted to start liquidating its altcoins today. Bankruptcy Judge Martin Glenn from the Southern District of New York approved Celsius’s move following discussions with the Securities and Exchange Commission (SEC), which stated that a series of less-used crypto tokens formed securities requiring regulatory approval for use. Altcoins Expected to Fall Sales will be in BTC and ETH pairs, meaning the altcoins mentioned below will […] The post Crypto Market Faces Tremors: SEC Leaked Opinion Triggers Potential Massive Altcoin Sell-off appeared first on COINTURK NEWS.