Bitcoin and Altcoins tumbled, likely in delayed fashion to prior news

For those curious why bitcoin and many of the altcoins got slaughtered recently, well you can likely look to the news from last week.

It wasn't bad enough that both Binance and Coinbase got sued, but they were also charged with some pretty potentially bad things.

I am looking at you Binance.

Then on top of that you had the ruling by a court in the favor of the CFTC in a defi case...

Combined you have a very unfriendly outlook for crypto.

That doesn't mean all hope is lost though as these lawsuits are going to force Congress to act to get the SEC under control.

Maybe deep down that is why the SEC is doing this?!