đ¨ Major Regulatory Win: SEC Drops Binance Lawsuit
In a significant development, the U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance and its founder, Changpeng Zhao. This move reflects a shift in regulatory approach under the Trump administration, signaling a more favorable stance towards cryptocurrencies. The dismissal, filed with prejudice, prevents the SEC from reopening the case, marking a notable victory for Binance and the broader crypto industry.
đ Bitcoin Price Dynamics
Bitcoin (BTC) is currently trading around $105,736, experiencing a modest increase of 0.63% over the past 24 hours. Analysts suggest that BTC may consolidate at these levels before attempting to break through resistance around $108,000. If successful, this could trigger significant short position liquidations, potentially totaling $822 million across major exchanges.
đŽ June 2025 Forecast
Market projections for June 2025 indicate a potential BTC price range between $100,000 and $120,000, with some models suggesting a rise to $125,000. Key resistance levels are identified at $116,000, while support is noted around $103,000.
đ Global Market Outlook
The global cryptocurrency market capitalization stands at approximately $3.26 trillion, reflecting a 0.43% increase over the last 24 hours. This growth is attributed to favorable regulatory developments and increased institutional interest in digital assets
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