Crypto sentiment index dips again to March ‘concern’ ranges amid Binance lawsuit

The Crypto Concern and Greed Index — a instrument that measures broader market sentiment in direction of and the broader crypto market — has dipped to a degree of “concern” not witnessed since March 11 this 12 months, when Circle’s USD coin (USDC) briefly misplaced its dollar-peg.

The stumble in market sentiment on June 5 comes within the wake of the US Securities and Trade Fee submitting a lawsuit in opposition to Binance, its U.S. arm of operations and its CEO, Changpeng Zhao.

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