Published on June 14th, 2018 | by bitcoin0
SEC states Ethereum not security, causing crypto markets to rebound
Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month.
Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.
Market visualization from Coin360 Bitcoin (BTC) is now up 5.89 percent in the 24-hour period, trading around $6,688 at press time.
The leading cryptocurrency began to see a reversal of its downtrend late afternoon today, recovering from its intraday low of $6356.
Coinbase’s new index includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), as well as Ethereum Classic (ETC), whose addition to Coinbase was announced on June 11.