Do you think SEC's lawsuit case will create more damage to the BTC price ?
Not quite true, that If I look at the perspective you are expressing suggests that the SEC lawsuit against Binance could have a negative impact on the price of Bitcoin and raises questions about the potential ramifications for other crypto exchange companies.
In fact, judging from market dynamics, investor sentiment and market resilience, the cryptocurrency market has shown resilience in the face of regulatory actions and negative news in the past. Yes. While the SEC lawsuit against Binance may initially lead to a drop in the price of Bitcoin, it is important to recognize that market reactions can be temporary and depend on a variety of factors. As far as I know the price of Bitcoin and other cryptocurrencies is affected by many factors beyond individual lawsuits or regulatory actions including investor sentiment, market trends, macroeconomic conditions and global events. While regulatory measures can have short-term effects.
On the other hand, the global nature of the cryptocurrency market allows investors to diversify their holdings across various exchanges and jurisdictions. While the SEC's jurisdiction primarily covers the United States, many cryptocurrency exchanges operate outside the United States and may be less vulnerable to the direct impact of SEC actions. Investors can explore opportunities on global exchanges, potentially reducing the concentration of risk associated with a single regulatory body.
For today's market, if you look at it. In the short term, if the Bitcoin price stays above the $24,800 level, there is likely to be a bearish retest to the May low of 25.7K. These retests can cause a bit of a headache for traders who short-term beforehand, resulting in price pressure that makes them feel the loss before the next downward price move.
Is it possible for all crypto exchange companies in the US to avoid SEC's trouble ?.
The regulatory landscape surrounding cryptocurrencies is evolving, and exchanges are increasingly taking steps to ensure compliance with relevant regulations. If there is action there is bound to be a backlash and it is acknowledged that regulatory actions may create short-term disruption but they may also contribute to the maturation and legitimacy of the industry in the long term where As exchanges adapt and implement strong compliance measures they may be in a better position both to mitigate regulatory risks and avoid significant damage to the cryptocurrency market as a whole. If there is a crypto exchange company platform when it is confirmed and avoided, it is very easy for the SEC to read where it is going. This is just an example from me because it's not without reason, they work protected by law and the state.