-
The SEC has agreed to withdraw the lawsuit against Coinbase, along with allegations of operating an illegal trading platform.
-
Coinbase gains 4.20% in pre-market trading.
-
Sentiment in the broader cryptocurrency market has improved, with Bitcoin up 0.70% to $99,000 and Ethereum up 2.90% to $2,820.
The Coinbase exchange (COIN.US) announced that the Securities and Exchange Commission (SEC) has agreed to withdraw the lawsuit in which it accused the largest U.S. cryptocurrency trading platform of operating an illegal exchange. This decision marks another retreat from the U.S. authorities' previous stance on the crypto market. Interestingly, last week, the SEC filed a motion to halt a similar case against Binance, citing the pending development of regulatory frameworks for digital assets under President Donald Trump's administration.
This news is beneficial not only for publicly traded companies linked to the crypto market but also for cryptocurrencies themselves. A clear signal from the government indicating a softening of pressure on this sector could contribute to an overall improvement in market sentiment. As a result, we are seeing Ethereum prices rise nearly 3% today.
Ethereum has regained ground after experiencing significant declines between January and February. Today, following the news about the SEC and Coinbase, ETH is reaching local highs within its consolidation zone. If it manages to break through this level sustainably, further gains toward the 200-day EMA (gold curve on the chart) cannot be ruled out. From a technical perspective, the overall downtrend remains intact. Source: xStation
Ethereum has endured several months of solid declines. Excluding the bullish November, Ethereum has been in a downtrend since June 2024. However, the recent positive developments have led to a stronger rebound in Ethereum compared to the broader crypto market. Fundamentally, sentiment is supported by billion-dollar repayments to retail investors from the collapsed FTX exchange and a filing by 21Shares seeking approval for Ethereum staking in spot ETH ETFs. As a result, Ethereum has demonstrated relative strength during the latest market recovery.
Morning Wrap: Trump Announces Ceasefire Between Israel and Lebanon
📌Bitcoin slips despite strong sentiments on Wall Street: Technical look
Daily Summary: U.S. stock indices are climbing following the PPI data
Chart of the day: Bitcoin surges to $75k level as US dollar weakens 📈(14.04.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
