🚀 Crypto markets took a hit today! 🚀

Bitcoin dropped 4% to $59K, driven by a surprise inflation spike in September and an SEC lawsuit against Cumberland DRW. Altcoins like ETH and UNI also saw declines, but UNI managed to stay positive thanks to its layer-2 plans.

The unexpected inflation data dashed hopes for another Fed rate cut, and the SEC's regulatory actions added more pressure. Cumberland DRW is pushing back, stating no changes to their operations despite the lawsuit.

What do you think about the SEC's stance on crypto? Share your thoughts below! 💬 #CryptoNews #Bitcoin #Regulation