Bitcoin updated to the lowest since March after news of the SEC lawsuit against Binance

Bitcoin updated to the lowest since March after news of the SEC lawsuit against Binance

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Author: Robert Strickland (crypto-journalist)
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Bitcoin updated to the lowest since March after news of the SEC lawsuit against Binance
Bitcoin rate updated its minimum since March after the news about the lawsuit of the U.S. regulator SEC to the cryptocurrency exchange Binance
On the night of June 5 to 6 cost of the first cryptocurrency fell below $25.5 thousand.

Bitcoin rate updated the minimum from March 17 after it became known about the claim of the U.S. Securities and Exchange Commission (SEC) to the cryptocurrency exchange Binance. On the night of June 5-6, the value of BTC fell to $25,44 thousand, according to CoinGecko.

Bitcoin is trading near $25.7 thousand. It lost 4% in price during the day. VTS trading volume amounted to $15.8 billion within 24 hours.

BTC/USD
25 800 -1 032 (-3,85%)

The price of bitcoin, like most leading cryptocurrencies, began to fall after it was reported that the SEC had sued the cryptocurrency exchange Binance and its CEO Changpeng Zhao. They face 13 charges, including operating unregistered exchanges, misrepresenting Binance.US, and engaging in unregistered securities offerings and sales.

In its lawsuit, regulators named the exchange's BNB token, the BUSD stablecoin, Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS) and COTI (COTI) coins as securities.

The BNB token fell 7.8% to $277 amid the news. The price of Solana (SOL) fell by 7.2%, to $20, Cardano coin (ADA) fell in price by 6.3%, to $0.35, and Polygon (MATIC) fell in price by 6.2%, to $0.83.

Filecoin (FIL) was down 7.7%, Cosmos (ATOM) was down 6.5%, Sandbox (SAND) was down 14.1%, Decentraland (MANA) was down 11.9%, Algorand (ALGO) was down 9%, Axie Infinity (AXS) down 8.6% and COTI (COTI) down 8.5%.

Ethereum fell in price by 2.9% to $1.81. The total market capitalization of the crypto market decreased by 3.6% to $1.13 trillion in 24 hours, trading at $53.7 billion.

The Fear and Greed Index dropped to the "fear" zone, dropping from 53 points to 44 out of 100. The index indicates that crypto market participants are now more inclined to sell digital assets.

 

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