Bitcoin's Resilience Amid SEC Crackdown Raises Questions.

Bitcoin's price has struggled to reclaim the $27,000 support after the SEC's regulatory actions against Binance and Coinbase. The SEC's potential overreach has caused criticism, and investors are hoping for clarity in the upcoming U.S. Financial Services Committee hearing. Decentralized finance volumes have surged, supporting the idea that the cryptocurrency space can function without centralized exchanges. Bitcoin's upcoming $670 million weekly options expiry on June 9 may make it harder to reclaim the $27,000 support, with bears potentially profiting from sub-$26,000 scenarios.