Digital assets slid further this week, in the wake of the SEC’s enforcement actions against Binance and Coinbase.

Digital assets dipped this week, as SEC enforcement actions against Binance and Coinbase in America dominated the news cycle.

Digital assets saw a slight recovery from last week’s performance as May marked Bitcoin’s first negative monthly candle of the year.

Digital assets traded in a tight range this week, as concerns over the ongoing US debt ceiling uncertainty drained momentum from risk-on assets.