The Price Of Bitcoin Is All Over The Place Monday: What's Going On?
- 8 months ago
Bitcoin is volatile as traders await this week's decision on rates from the Federal Reserve. A new court filing from Monday afternoon showed the U.S. Securities and Exchange Commission (SEC) is urging the court to approve an inspection of Binance.US.
What To Know: The SEC sued Binance earlier this year, claiming the company was running an unlicensed securities exchange. In a new filing, the SEC stressed that its findings show there is an "urgent need for an inspection."
A hearing on the case is scheduled to take place Monday afternoon and the crypto market appears to be reacting negatively to reports.
Bitcoin has been trending higher over the last week. It broke above the $27,000 level Monday morning, sparking a surge in the broader cryptocurrency market before pulling back.
What To Know: The SEC sued Binance earlier this year, claiming the company was running an unlicensed securities exchange. In a new filing, the SEC stressed that its findings show there is an "urgent need for an inspection."
A hearing on the case is scheduled to take place Monday afternoon and the crypto market appears to be reacting negatively to reports.
Bitcoin has been trending higher over the last week. It broke above the $27,000 level Monday morning, sparking a surge in the broader cryptocurrency market before pulling back.