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Amazon Faces Price Gouging Lawsuit as Crypto Markets Show Resilience

Amazon Faces Price Gouging Lawsuit as Crypto Markets Show Resilience

Author:

Global Cryptocurrency

Published:

2026-01-05 21:20:02

12

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BTCCSquare news:

Amazon.com Inc. shares rose 2.84% to $232.94 despite a U.S. judge allowing a COVID-era price gouging lawsuit to proceed. The case centers on alleged marketplace failures during pandemic-driven demand surges, creating parallel scrutiny to crypto exchange oversight debates.

Meanwhile, major cryptocurrencies like BTC and ETH held steady amid the news, with decentralized platforms like UNI and DYDX gaining attention as alternatives to traditional e-commerce payment rails. The ruling comes as regulatory scrutiny intensifies across both tech and crypto sectors.

Notably, memecoins like DOGE and SHIB showed unusual stability during the session, potentially benefiting from traders diversifying away from equities facing litigation risks. Exchange tokens including BNB and OKB also remained buoyant despite the broader tech sector's legal headwinds.

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