Crypto Market Grapples with Regulatory Setbacks and Bitcoin's Price Resistance

Crypto Market Grapples with Regulatory Setbacks and Bitcoin's Price Resistance

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A New York judge has blocked Binance's attempt to move US crypto claims into private arbitration, keeping the dispute in open court and signaling continued legal scrutiny for major exchanges. Meanwhile, Bitcoin is struggling to break past the $70,000 mark, with analysts suggesting its five-month losing streak may continue into March as bulls face significant resistance levels and historical patterns indicate further delays in price recovery.

The ruling keeps pre‑2019 investor claims in open court and rejects Binance’s bid to send the dispute to private arbitration in Singapore.

Bitcoin bulls were battling to flip three resistance levels back into support by the end of the week, but history shows they may need to wait another month.