Key takeaways
The cryptocurrency market looks promising at the moment despite the events of the last two days.
In the first two days of the week, the US Securities and Exchange Commission (SEC) sued both Binance and Coinbase, two of the largest cryptocurrency exchanges in the world.
Despite the lawsuits, Bitcoin maintains its value above $26k, and this could indicate resilience amongst investors. Bitcoin maintaining its position above the $25k psychological level could serve as a boost for new projects coming into the industry, including AltSignals.
Bulls provide strong support for Bitcoin
Earlier this week, the US SEC filed lawsuits against Binance and Coinbase, the two leading cryptocurrency exchanges in the world.
The SEC’s lawsuit against Binance alleges that the cryptocurrency exchange and its CEO, Changpeng Zhao, violated US securities laws by offering services to high-valued US customers on its platform.
This was followed by another one against Coinbase, with the SEC claiming that the crypto exchange is operating as an unregistered broker.
Despite the lawsuits against two of the biggest crypto exchanges in the world, Bitcoin’s price remained above $25k. Bitcoin briefly rallied past the $27k on Tuesday and is now trading just above the $26K once again.
The resilience shown by investors could indicate confidence in the cryptocurrency market, and this could benefit new projects like AltSignals.
AltSignals is close to concluding its presale stage, and its token will be listed on numerous cryptocurrency exchanges afterward.
AltSignals’ presale to conclude soon
The presale stage of AltSignals is close to an end, and the development team has already started working on releasing their suite of products.
AltSignals is a unique project that leverages AI to make it easier for people to trade Bitcoin and a host of other cryptocurrencies.
The development team is working on a suite of AI products designed for cryptocurrency traders. The team has so far raised over $900,000 (86.9% of the required funds) and will conclude the presale of its token soon.
ASI, the native token of the AltSignals ecosystem, is trading at $0.015 per token, making it affordable for investors. Following the end of the presale and its launch on crypto exchanges, ASI could experience a price surge in the short to medium term.
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