Why is the crypto market down at present?

The cryptocurrency market fell 7% under $1 trillion on June 10, persevering with its decline within the week that noticed the business’s largest exchanges, Binance and Coinbase (NASDAQ:), going through regulatory actions by the U.S. Securities and Trade Fee (SEC).

(BTC), the main cryptocurrency by market capitalization, dropped 3.75% to round $25,500. Second-largest cryptocurrency Ether (ETH) fell 6.9% to round $1,700, its worst degree in two months.

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