The U.S. Securities and Exchange Commission (SEC) has promised to review the recent events surrounding the GameStop (GME) pump and the subsequent restrictions on stock trading enforced by Robinhood exchange, the SEC’s acting chair and commissioners stated on Friday.
The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000. The correction occurred as the derivatives market became extremely overheated.
The Bitcoin futures market can become overcrowded if the market is dominated by either short-sellers or buyers.
The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours.
BNB/USDT 15-minute price chart (Binance). Source: Tradingview.