A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR By Cointelegraph

Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase (NASDAQ:) at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as securities in the two lawsuits. That brings the total number of cryptocurrencies termed as securities by the SEC to 67.

Among the mayhem, a minor positive is that (BTC) and Ether (ETH) have held out relatively well. This suggests that institutional investors are not panicking and dumping their positions. Due to their outperformance, Bitcoin’s dominance has risen to a year-to-date high of 47.6%, while Ether’s has climbed to 20%.