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Crypto Update | Markets Waver After SEC Sues Binance and Coinbase

Markets Outlook

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The US Central Bank's Actions Are Pushing Many Crypto Projects Out of the US

Bitcoin is down almost 6% since our show on Friday, while Ether is trading at 1,803 bucks per token. Solagenix Razz believes that if the US central bank pauses hiking interest rates this month or later in the summer we would likely see a return of seriously positive momentum. The SEC's actions are pushing many crypto projects out of the United States and from this perspective, this is clearly becoming a net negative for the US economy and innovation more generally.

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