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<p>The US SEC has filed a lawsuit against Binance, its US operations and CEO Changpeng Zhao, causing fear in the crypto market, with total liquidations exceeding $280 million within 12 hours. The SEC alleges Binance has been operating illegally, failing to register as a securities exchange. This has resulted in a dip in the Crypto Fear and Greed Index, reflecting a high level of fear in the market, last seen on March 11. The news negatively impacted major cryptocurrencies with <a href="https://www.coingabbar.com/en/crypto-currency-news/traditional-investment-firms-eagerly-await-bitcoin-halving" rel="noopener noreferrer nofollow">Bitcoin,</a> Ether, Cardano, and Solana dropping by 4.1%, 3.1%, 6.4%, and 7.4% respectively. The bulk of liquidations were from traders holding long positions.-</p>

Crypto Fear Index Hits March Lows Following Binance Lawsuit

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Alte articole publicate pe 7 iun. 2023

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