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<p class="is-style-lead">KuCoin (KCS) has emerged as one of the top gainers in the last 24 hours, with an 18% price surge. Meanwhile, the global crypto markets begin a slow recovery following the bloodbath triggered by the US Securities and Exchange Commission’s (SEC) recent enforcement actions against market participants.</p>



<p>The price of bitcoin (<a href="https://crypto.news/bitcoin-price/">BTC</a>), ethereum  (<a href="https://crypto.news/price/ethereum/" data-type="URL" data-id="https://crypto.news/price/ethereum/">ETH</a>), and other cryptocurrencies have posted decent gains in the last 24 hours, suggesting investor confidence may gradually return to the space following the crazy bloodbaths witnessed in recent weeks.</p>



<p><a href="https://crypto.news/bill-to-dismiss-sec-chairman-gary-gensler-gains-support/">Gary Gensler’s</a> SEC took <a href="https://crypto.news/sec-sues-binance-and-cz-for-securities-violations/">legal actions</a> against Changpeng Zhao’s Binance and Coinbase earlier this month, triggering renewed fear, uncertainty, and doubt (FUD) across the industry.</p>



<p>However, BTC and altcoins are now showing signs of recovery, a resurgence partly attributable to <a href="https://crypto.news/blackrock-nears-bitcoin-etf-filing-partnering-with-coinbase-custody/">BlackRock</a>’s impending launch of its bitcoin exchange-traded fund (ETF). BlackRock is one of the world’s largest asset management firms, with a massive $9 trillion in assets under management (AUM).</p>




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<p>KCS, the native cryptocurrency of KuCoin, the world’s 4th-largest cryptocurrency exchange per trading volume, has emerged as one of the top gainers in the last 24 hours. At the time of writing, KCS is up by 17%, rising from the weekly close of $5.87 to over $7.17. This represents a 6.2% increase in the weekly timeframe.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="KuCoin Tutorial for Beginners 2023 (Trade, Deposit, Withdraw)" width="1020" height="574" src="https://www.youtube.com/embed/5Bvv8x3Mbqw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>With a circulating supply of 97 million, the market capitalization of KCS stands at $693,168,402, according to <a href="https://www.coingecko.com/en/coins/kucoin-shares" target="_blank" rel="noopener">CoinGecko</a>. </p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/06/KCS.jpeg" alt="KuCoin price jumps over 18% as crypto markets rebound  - 1" class="wp-image-14170101"><figcaption class="wp-element-caption">KuCoin price | Source: CoinGecko</figcaption></figure>



<p>The Relative Strength Index (RSI) on the daily timeframe shows a value of 69.3, indicating that KCS could be approaching an overbought level. The support level of KCS is currently at $5.8, with a resistance level of $10.5.</p>




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        Read more:

        <a href="https://crypto.news/binance-coin-bnb-vs-kucoin-token-kcs-which-is-better/">
            Binance Coin (BNB) Vs. Kucoin token (KCS): which is better?        </a>
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KuCoin price jumps over 18% as crypto markets rebound

crypto.news

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