what happened to the market today?

[tvplus006]

...The way of SEC accuses more top coins seems a bit strange. Do they cooperate with the whales to spread FUDs? So the whales to get more chances to collect more coins at cheaper prices. Or it is only fake news made by the media, so it is untrue that SEC accuses the tokens.

The SEC is trying to act as an arbitrator in the cryptocurrency market, where there are no rules. Accordingly, before making such accusations, it is necessary to legislatively regulate the cryptocurrency market so that all participants can be guided in their activities by these rules.

[doomloop]

I believe that government will continue to shake the cryptocurrency market, they know that people will react, even if they spread random FUDS.

They target exchanges, huge exchanges where they believe that they can take it down. People must not react to this, because this is an opportunity for people to withdraw their Bitcoins off the exchanges and store it in their personal wallets is safer.
They should not panic selling.

I can understand that the problem of government intervention in the cryptocurrency market has happened in many countries around the world. However, this should not cause users to panic and sell out immediately.

Instead, users should evaluate information and news released in the market carefully, avoiding falling into a state of FUDs. and learn about the exchange they are trading with to make the right decision. A good way to protect your assets is to use a personal wallet and keep your tokens in the wallet, instead of leaving them on exchanges. In the event of an exchange being tampered with or going bankrupt, users will not lose their assets if they are safely stored in personal wallets. In short, crypto users need to actively learn, evaluate and choose how to protect their assets safely and effectively.

The reason why people panic is that almost everyone thinks that the market will crash so everyone starts selling at once which actually causes the market to crash, and that further creates panic selling among new investors to make the situation worse. Someone should obviously always use a wallet that they have the keys to and store their assets there instead of keeping them at an exchange or any other platform.

And the reason why people get worried when something like this starts happening is because they think if the exchange goes down, the tokens of the exchange will go down as well like BNB and BUSD of Binance will surely be affected greatly if they lose the case.

[$crypto$]

I believe that government will continue to shake the cryptocurrency market, they know that people will react, even if they spread random FUDS.

They target exchanges, huge exchanges where they believe that they can take it down. People must not react to this, because this is an opportunity for people to withdraw their Bitcoins off the exchanges and store it in their personal wallets is safer.
They should not panic selling.

The FUD spread by the government will cause a lot of panic because some will think that the government has control over what is made with the FUD, so it's not surprising that this will shake up the crypto market even when the price comes down.

Because exchanges have regulations, that's what the government will be after they always have a reason to make a mistake on the exchange they are targeting.
If many people are united not to panic, maybe this will not have a big effect, although I believe this impact will not dissolve much longer and they will definitely return to trusting crypto from the government.

[Hypnosis00]

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.

Perhaps, you can never think of winning if you already have to think negatively. FUDS will never stay long as it passes away but if you make this a big deal and keep it on your mind, you eventually make yourself a loser. At some point, FUDs can be destructive but we can lessen its effectiveness if we ignore them. Because so many FUDs circulating and spreading on the internet which the government has been doing but look, the crypto market remains strong, only those doubtful investors and negative thinking are badly affected while real investors and holders remain calm and easy.

[tvplus006]

According to Ben Armstrong on Twitter, Binance decided to give a fitting rebuff to the actions of the SEC:
"I spoke to a Binance attorney and they are earmarking $1B to fight the SEC. They could basically hire every major law firm at once to fight for them. Just imagine @ripple has wiped the floor with them with only $150M" - https://twitter.com/bitboy_crypto/status/1666968425229369344

[el kaka22]

Trying to make crypto bleed is something SEC tries to do sometimes, it has tried to do it during the bull run as well but we didn't really care about it and that's why it didn't stay that long. It had a huge fight with USDT people and fined them millions and millions of dollars (nearly 20 million if I am not wrong) and if that were to happen today it would have crashed the market a lot, a ton of people would sell their USDT and get out, which would cause some discrapency in the price and not peg it to 1 dollars for a while until arbitrage makes it go back up again.

But, since that was the bull period nobody cared, and same with XPR at the time as well, and people just didn't buy xrp but continued to go up with others. So, it mattered only because we weren't at a bull period.

[Iyeman]

Perhaps, you can never think of winning if you already have to think negatively. FUDS will never stay long as it passes away but if you make this a big deal and keep it on your mind, you eventually make yourself a loser. At some point, FUDs can be destructive but we can lessen its effectiveness if we ignore them. Because so many FUDs circulating and spreading on the internet which the government has been doing but look, the crypto market remains strong, only those doubtful investors and negative thinking are badly affected while real investors and holders remain calm and easy.

It's still remain uncertain for long term. If FUD will be even worst and it will be affecting the market. I do know that if we can't take FUD gonna hurt crypto like dumped it to the ground but it's enough to make the market feel panic.
Investors will always be seeing the sentiment in the crypto market too.

[o48o]

According to Ben Armstrong on Twitter, Binance decided to give a fitting rebuff to the actions of the SEC:
"I spoke to a Binance attorney and they are earmarking $1B to fight the SEC. They could basically hire every major law firm at once to fight for them. Just imagine @ripple has wiped the floor with them with only $150M" - https://twitter.com/bitboy_crypto/status/1666968425229369344

Those are going to be some high paid lawyers. But it's good to know Binance (or CZ) is taking this threat seriously. Underestimating SEC would be worst thing they could do right now. And many of the cases against them that they are going to win (and they are going to win at least some), can be used by coinbase as precedent for their defence.

[sulendra12]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's just for a while, look at the bitcoin chart right now, the price is slowly recovering and it's definitely better than the condition when this post was created. If you already know about Bitcoin for a long time then you should know about this and this situation is pretty normal imo. You will see sometimes it would crash by 10% and then it would go up by 10% as well in random day, you should pretty much familiar with it.

[blockman]

It's just for a while, look at the bitcoin chart right now, the price is slowly recovering and it's definitely better than the condition when this post was created. If you already know about Bitcoin for a long time then you should know about this and this situation is pretty normal imo.

Yes, this is normal if we're going to take a look at the past years situation of the market. And if something is still surprising the new investors of the market, they'll get used to it someday.

You will see sometimes it would crash by 10% and then it would go up by 10% as well in random day, you should pretty much familiar with it.

And much worse could go more than that but on the other hand, it can also go up more than the decrease. So yeah, everyone will be familiarized on how the market goes.

[BatonNakroshil]

yeah and neonlink EVM sale stage2 sold out no matter what
we live in an unpredictable time, I think there will be a huge push in crypto world soon

[v3liana]

BEAR market still not over yet and recently there so many bad news hanging around, especially the problem between the biggest exchange in the world which is binance got sues from SEC and already under investigation.

[kevindjunaidi]

BEAR market still not over yet and recently there so many bad news hanging around, especially the problem between the biggest exchange in the world which is binance got sues from SEC and already under investigation.

I think this is a SEC tactic to make people afraid to invest in crypto, besides that it's not only Binance who is having problems with SEC, but Matic, ADA and SOL too, so that makes the market go down quickly (bear market) and what do we expect is only CZ can win against SEC or people are not affected by SEC, so the market price can rise again or even a bullrun occurs (if CZ wins against SEC).

[JeffBrad12]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's just for a while, look at the bitcoin chart right now, the price is slowly recovering and it's definitely better than the condition when this post was created. If you already know about Bitcoin for a long time then you should know about this and this situation is pretty normal imo. You will see sometimes it would crash by 10% and then it would go up by 10% as well in random day, you should pretty much familiar with it.

that's true and the market pretty much in volatility, doesn't necessarily means it will always go down forever. but we also need to see into the current situation of the market.
currently there are massive lawsuit which could change the tide instantly, i think it's also essential that we become more realistic with the current situation.
that way we could anticipate, if the market gonna be going down so hard, after all, it seemed we are about to face the massive bearish again.
we should be on the lookout of how the lawsuit results gonna be coming so that we could anticipate loss in our investments in general.

[bittick]

BEAR market still not over yet and recently there so many bad news hanging around, especially the problem between the biggest exchange in the world which is binance got sues from SEC and already under investigation.

seems bearish just gets prolonged, we could even hardly consider the previous rally of some altcoins to be bullish because only very few chosen alts are rising the other are just still having some stagnation.
right now the condition become even worse, as the lawsuit unfolds, surely there will be waves of correction in which many investment will not get spared at all.

[Silberman]

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.

But since the actions of the SEC were directed at Binance the drop on its price has been very significant, now the price is down a 22% during the last seven days and now it is trading at levels we did not saw since December of 2022, so in a matter of days the growth that it took half a year to take place simply disappeared, so I hope people are very careful at the moment as anything could happen, especially when it comes to the binance coin and their stable coin.

[raidarksword]

Due to the SEC of being greedy, market have been crumbled out because of FUD that literally scares everyone else in the crypto space but not all because OG people will understand only that FUD is only a FUD, nothing more. Crypto will survive this flash crash and mind you we have been here in this kind of situation for years now. So, this FUD will not last long and soon it will recover! Never fear and always buy the DIP instead!

[riskarcher]

Due to the SEC of being greedy, market have been crumbled out because of FUD that literally scares everyone else in the crypto space but not all because OG people will understand only that FUD is only a FUD, nothing more. Crypto will survive this flash crash and mind you we have been here in this kind of situation for years now. So, this FUD will not last long and soon it will recover! Never fear and always buy the DIP instead!

Yeah the goverment of US really want destory all market crypto, they don't care with customer of crypto was suffering because of their FUD. SEC just care with dollar how to make keeping their money valuable compared to crypto and want regulations to be set by them. If compared with the problem FTX, i'm sure CZ will could be anticapted this situation even Binance is targeted. Keep buy the dip !!

[TastyChillySauce00]

yeah and neonlink EVM sale stage2 sold out no matter what
we live in an unpredictable time, I think there will be a huge push in crypto world soon

The bearish trend triggered by SEC was not giving impact for those who are willing to make easy money from investing in the new project. Neonlink sold out but it has botted. so many bots in coinlist sale.

All of tokens will be unlocked next month. People will be dumped it at once. The price be dropping drastically, Nothing chance as we are still in the bearish market.

[irsykes]

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.

The SEC is not a barrier for altcoins to sink, altcoins can return to significantly high prices again. this is only negative news that is not prolonged continuously. i saw a twitter post there will be a whale going to buy bitcoin in july. sometimes there are people who want a low price to buy altcoins by means of drama so that the holders are afraid of becoming a bloody market