Crypto Market Plummets, Bitcoin Price Survives 3-Month Lows.

Bitcoin (BTC) avoided hitting three-month lows as altcoins faced the heat from US regulatory pressure. BTC/USD hit $25,483 on June 10, down over $1,200 from the previous day’s high. Major altcoins reacted strongly to delisting that accompanied US legal action against major exchanges. Trading app Robinhood announced that it would remove support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the US Securities and Exchange Commission (SEC). The events had a major impact on the overall cryptocurrency market cap, with long liquidations totaling $320 million for June 10, according to data from CoinGlass.