🔊Weekly Market Highlights #50: June 5 - June 11 ✨The cryptocurrency market received two heavy blows when the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and Coinbase, alleging illegal trading of cryptocurrencies that were declared securities, along with many other mistakes. ✨However, last week also recorded many positive updates from the development of Ethereum, Optimims, DeFi - Web3 projects funded, and the MiCA law was officially passed in the EU. ✨Over the past week, the crypto market decreased ~$87B (from ~$1,134B to ~$1,047B) of its total capitalization. ✨BTC Reacted Better ✅BTC experienced enhanced volatility almost a week ago when it dumped from $27K to under $25,4K once the SEC announced its two back-to-back lawsuits against Binance and Coinbase. Interestingly, it reacted well and skyrocketed by $2K after the second one. ✅After that, Bitcoin experienced some volatility, briefly reaching $26,5K before dropping due to a market decline. It fluctuated between $26,2K and under $25,5K and now struggling below $26K ✨Alts’ Rollercoaster ✅BSCS is trading at $0,007886, +3,43% from its 7-day all-time low of $0,007624. ✅The recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could be unregistered securities have started to take their toll on the market. ✅Many of the mentioned by the SEC in its lawsuits against Binance and Coinbase plummeted by double digits yesterday. These include ADA, SOL, SHIB, AVAX, FIL, and many others. ✅However, the landscape for some of them is quite different. ADA has jumped 9% to over $0.27. SHIB is up by a similar percentage, SOL has added 7%, which was also mimicked by FIL, CRO, GRT, and others. ✨Bitcoin Fear and Greed Index is 47 - Neutral, lower than at the beginning of the week (53) ✨ Dominance: ✅BTC: 47.8% ✅ETH: 19.9% 📣Stay tuned! The market's highlights will be updated by BSCStation 😎 ⭐️ BSCStation Official Media Channels: Website | Telegram | Substack | Twitter | Discussion | Youtube