Investment idea: What to buy in the current market conditions

Investment idea: What to buy in the current market conditions

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Author: James Soplin
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Investment idea: What to buy in the current market conditions


The Securities and Exchange Commission (SEC) has targeted two major trading platforms at once, Binance and Coinbase. The lawsuit against Coinbase is informative primarily because it mentions a number of popular cryptocurrencies, which the SEC calls securities. This is clearly a blow to the cryptocurrency market, which logically expects further developments not in the most positive direction.

Robinhood will delist three cryptocurrencies due to SEC actions

At the same time, it should be noted that Bitcoin (BTC) reacted rather reservedly to reports of lawsuits against major cryptocurrency exchanges. This is largely due to the fact that holders of those altcoins, which were declared securities in the lawsuit against Coinbase, rushed to withdraw some assets, not to completely leave the crypto market, but to transfer capital to bitcoin as a more reliable digital asset. And this is a very smart investment idea in the current environment. The current Bitcoin rate looks attractive enough to enter.

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