{"id":5460,"date":"2023-06-08T17:06:35","date_gmt":"2023-06-08T21:06:35","guid":{"rendered":"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/"},"modified":"2023-06-08T17:06:35","modified_gmt":"2023-06-08T21:06:35","slug":"bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/","title":{"rendered":"Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p>The overall market cap fell to $1.07 trillion \u2013 a level last seen three months ago \u2013 before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about additional market stress.<\/p>\n<p>Despite this, on-chain data reflected a bullish picture as investors remained resilient in the face of severe regulatory turmoil.<\/p>\n<h2>Current Capitulation Over 96% Smaller<\/h2>\n<p>The crypto market endured millions of losses in liquidations as two of its biggest players were sued this week by the US Securities and Exchange Commission (SEC). The agency filed 13 charges against Binance and its boss CZ, and the next day it accused the country\u2019s only publicly-listed exchange, Coinbase, of violating securities laws.<\/p>\n<p>But Glassnode\u2019s latest analysis was indicative of an increased degree of resilience amongst market participants.<\/p>\n<p>The crypto analytic company said the crescendo in United States regulatory pressure on major crypto heavyweights \u2013 Binance and Coinbase \u2013 triggered significant volatile moves for the market in \u201cboth directions.\u201d Even so, the magnitude of \u2018Realized Losses\u2019 recorded on-chain remains near $112 million \u2013 which is around $3.05 billion smaller than the largest recorded capitulation event.<\/p>\n<h2>Bitcoin\u2019s Price Rebound<\/h2>\n<p>Bitcoin\u2019s spot price continued to find strong support at the previously reported key pricing levels despite the downward pressure. Glassnode stated that sustained duration above these key levels would continue to be a constructive signal regarding the current trend.<\/p>\n<p>Meanwhile, Bitcoin quickly rebounded to almost $27k before sliding slightly today. The ability of the market to shake off initial nerves depicted a confident outlook by the participants despite attempts to slow it down by way of a path to regulation that has so far fallen short of clarity.<\/p>\n<p>On the network side of things, Bitcoin\u2019s hash rate, as well as difficulty level, remained \u201cindifferent\u201d to the regulatory commotion and continued to hover near their respective all-time highs.<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms).<\/p>\n<p><b>PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The overall market cap fell to $1.07 trillion \u2013 a level last seen three months ago \u2013 before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data\" \/>\n<meta property=\"og:description\" content=\"The overall market cap fell to $1.07 trillion \u2013 a level last seen three months ago \u2013 before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Sikaoer - The Best Crypto News Site.\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-08T21:06:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/03\/bitcoin_cover-8.jpg\" \/>\n<meta name=\"author\" content=\"SikaoerAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SikaoerAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\"},\"author\":{\"name\":\"SikaoerAdmin\",\"@id\":\"https:\/\/sikaoer.com\/#\/schema\/person\/43f022757a102cf0dbe32031e6c7cf67\"},\"headline\":\"Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data\",\"datePublished\":\"2023-06-08T21:06:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\"},\"wordCount\":378,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sikaoer.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Bitcoins-Fees-Explode-Amid-BRC-20-Memecoin-Mania-Miners-Benefit.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\",\"url\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\",\"name\":\"Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data - Sikaoer - The Best Crypto News Site.\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Bitcoins-Fees-Explode-Amid-BRC-20-Memecoin-Mania-Miners-Benefit.jpg\",\"datePublished\":\"2023-06-08T21:06:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#primaryimage\",\"url\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Bitcoins-Fees-Explode-Amid-BRC-20-Memecoin-Mania-Miners-Benefit.jpg\",\"contentUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Bitcoins-Fees-Explode-Amid-BRC-20-Memecoin-Mania-Miners-Benefit.jpg\",\"width\":1201,\"height\":720,\"caption\":\"Bitcoin\u2019s Fees Explode Amid BRC-20 Memecoin Mania, Miners Benefit\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sikaoer.com\/bitcoin-investors-remain-resilient-despite-blow-on-coinbase-binance-data\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sikaoer.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Investors Remain Resilient Despite Blow on Coinbase, Binance: Data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sikaoer.com\/#website\",\"url\":\"https:\/\/sikaoer.com\/\",\"name\":\"Sikaoer\",\"description\":\"Latest Bitcoin &amp; 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