Crypto Markets Rebound After News the U.S. SEC Will not Consider Ethereum a Security


June 14th: all but two of the top 100 cryptocurrencies by market capitalization are are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

Bitcoin (BTC) is now up 5.89 percent in the 24‐hour period, trading around $6,688 at press time. The leading cryptocurrency began to see a reversal of its downtrend late afternoon today, recovering from its intraday low of $6356.

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