Bitcoin Price Surpasses $26,000, Coinbase News Fails to Shake Markets
Bitcoin's price staged a sudden rebound from recent lows, surpassing $26,000 despite regulatory action against Coinbase. The BTC/USD pair recovered to $26,250 on Bitstamp, bouncing back from nearly three-month lows. The SEC's lawsuit against Coinbase for an unregistered securities offering had a limited impact on outflows. Traders find renewed optimism as the likelihood of this news being the correction's bottom increases. Market participants remain positive, anticipating a strong bounce in Bitcoin's price. $26,000 becomes a key level, indicating buyer demand. BTC's resilience suggests a broader resurgence may be imminent.