In recent events, the overall crypto market experienced a correction as the U.S. Securities and Exchange Commission (SEC)
filed lawsuits against Binance and Coinbase for offering 12 cryptocurrency coins without registering them as securities. This lawsuit adds urgency for US lawmakers to produce a
regulatory framework for the industry.
Amidst these events, Bitcoin corrected less then the rest of the market, which caused
Bitcoin Dominance to break its long-term resistance at 47%.