NFT platform faces threat of SEC lawsuit, Bitcoin and Ethereum gain slightly

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NFT platform faces threat of SEC lawsuit, Bitcoin and Ethereum gain slightly
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Bitcoin volume data Ethereum trades at $2,572 at the time of writing.

Bitcoin and Ethereum hover close to $60,000 and $2,500, key support levels. SEC sends NFT platform OpenSea a Wells Notice, warning about possible legal action for violating securities laws. NFT-related coins have seen mixed reactions to the news, with Apecoin posting 6% losses. Bitcoin , Ethereum , XRP updates Bitcoin trades at $60,140, close to support at $60,000. Data from Reflexivity Research shows that the trading volume for Bitcoin has continued to bleed out over the last few weeks.

Traders need to watch RSI closely, as once it crosses into the overbought zone, it could generate a sell signal. HNT/USDT daily chart In case of a decline, HNT could find support at $6.9595, the 50% Fibonacci retracement of the decline from the February 15 top of $11.0689 to the June 18 low of $2.8500.

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