{"id":20276,"date":"2023-02-12T00:58:58","date_gmt":"2023-02-12T08:58:58","guid":{"rendered":"https:\/\/coinnetworknews.com\/btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-avax-3\/"},"modified":"2023-02-12T00:58:58","modified_gmt":"2023-02-12T08:58:58","slug":"btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-avax-3","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-avax-3\/","title":{"rendered":"BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX"},"content":{"rendered":"
On Feb. 9, United States Securities and Exchange Commission (SEC) chair Gary Gensler explained why the regulator had cracked down on Kraken cryptocurrency exchange, forcing it to stop its crypto staking program<\/a>\u00a0for U.S. clients. This news may have rattled crypto investors and they sold aggressively. Bitcoin (BTC<\/a>) crashed about 5%<\/a> on Feb. 9 and several altcoins also followed suit.<\/p>\n The fresh round of selling has traders wondering whether the bear market has resumed or if the dip should be interpreted as a buying opportunity. This question may be troubling to investors, but for now the correction looks to be a normal corrective phase where cryptocurrencies give back some of the gains made in January. However, it would be prudent to wait for the correction to end and a bottom to be confirmed before considering fresh purchases.<\/p>\n