On June 10, the price of ALGO and FLOW reached historic lows of $0.098 and $0.46 respectively. Within the previous 7 days, both coins have dropped about 30% according to data from CoinGecko.
However, both coins have had a slight recovery since then. ALGO has gained over 12.5% and FLOW has recovered more than 10.5% since June 10.
In the last week, the US Securities and Exchange Commission (SEC) sued cryptocurrency exchanges Binance and Coinbase on June 5 and 6. In the process, the Commission classified 16 new cryptocurrencies are securities, including FLOW and Internet Computer.
In fact, the price of Internet Computer (ICP) has dropped about 25% in the past week and is currently trading at around $3.65.
see more : Bitcoin price analysis : 6/12