Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns
The native cryptocurrency token powering the Brave browser, Basic Attention Token, has fallen 20% overnight over concerns stemming from the SEC’s recent crackdown.
BAT Faces Deep Correction After Coinbase Listing Surge
While Bitcoin and much of the rest of the cryptocurrency market continue to struggle to break out through long-term downtrend resistance, Basic Attention Token (BAT), has been on quite a run in recent weeks starting around the beginning of October in anticipation of a potential listing on San Francisco-based cryptocurrency exchange Coinbase.
BAT, which powers a crypto token economy through the Brenden Eich-developed Brave browser, started the month of October at roughly 16 cents, but has since more than doubled in value as Coinbase added the token for trading on its various platforms. BAT appeared unstoppable, reaching a price of 36 cents each at its recent peak. However, BAT is now correcting, plummeting over 20% overnight to 29 cents per token.
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