Crypto prices stabilize after plunging on SEC crackdown jitters

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Crypto prices stabilize after plunging on SEC crackdown jitters
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Crypto prices are showing signs of stabilization after a market sell-off.

Crypto prices are showing signs of stabilizing after a market sell-off last week sparked by the SEC's lawsuits against Binance and Coinbase.Cardano and Ripple's XRP rose more than 1% in the last 24 hours, according to CoinMarketCap.The Binance website on a laptop arranged in the Brooklyn borough of New York, US, on Wednesday, June 7, 2023.

Cardano's coin, the world's seventh most valuable cryptocurrency, rose more than 1% in the last 24 hours while Ripple's XRP, ranked sixth, is up almost 1%, . Meanwhile, Binance's BNB token and Solana's SOL are still down 4% over the last day. Bitcoin and ether were relatively flat.%. Cardano's coin took a massive beating in the last seven days, plunging more than 28%. Binance's BNB token slid 25% and Polygon's MATIC tumbled more than 29% in the same period.

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