What causes this market decline?
The fall of the market is caused by traders who feel significant selling pressure due to Robinhood's decision to remove there, matic, and sol. It is assumed that Robinhood stores around $ 1.3 billion in Altcoin and $ 583 million in the form of existence, matic, and soles.
While Coinbase is preparing to fight against SEC by stating that he has no plans to delete tokens that are allegedly considered securities or will not stop his staking services until there are court orders, other US companies such as Robinhood and Grayscale are unable to continue to serve the token.
Another reason came from the decision of the Moody credit rating agency which reduced the coinbase rating from stable to negative.
What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?
It’s important to put all the source for all the info you provided so that readers can easily verify the news that you brought up here. I knew that you just summary the news but source is important to make your data legit.
I’m not reading crypto news anymore but I’m surprised how chaotic the US market now the SEC is cracking down Binance and Coinbase at the same time.
What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?
Buy the dip. This kind of news don’t happened everyday. The market will surely recover and everyone knew that the SEC is just butthurt on crypto.