Bitcoin price bounces past $26K as Coinbase news fails to shake bulls
Bitcoin price stages a sudden comeback from its lowest levels since mid-March. Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Analyst sees Coinbase marking BTC price low Data from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached $26,250 on Bitstamp. The pair had dipped to nearly three-month lows of $25,350 earlier in the day amid news that the U.S. Securities and Exchange Commission (SEC) was suing exchange Coinbase. An accompanying press release referred to acting as an unregistered broker "engaging in an unregistered securities offering through its staking-as-a-service program" beginning in 2019. The move followed legal proceedings against the U.S. arm of largest exchange Binance the day prior, this having a much more pronounced impact on crypto markets. "Despite SEC lawsui...