“The liquidity situation has worsened considerably. This is exacerbated by the departure of institutional investors from the market, particularly US-based market makers, who anticipate potential scrutiny from the SEC,” said Johnny Teng, Senior Researcher at LBank Labs, in a note to CoinDesk. “While the S&P 500 continues to achieve new monthly highs, the crypto market remains troublesome.”

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Author: Sam Reynolds

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