In its lawsuit, the regulator claims that Changpeng Zhao created a “network of deception” with the help of the Binance cryptocurrency exchange. Also, the site is accused of falsifying trading volumes and trading in unregistered securities. At the same time, the SEC equated 61 tokens to securities at once, including fairly large assets like SOL, ADA, MATIC and ATOM.
This lawsuit led to the fact that some investors decided to sell their bitcoins, as a result of which the rate of the first cryptocurrency fell by 5%. And in a week, the price of bitcoin decreased by 7.5%. Now BTC is trading at $25,700, although a week ago the rate reached $27,800.
Analysts emphasized that at the level of $25,000 there is strong support for the first cryptocurrency. However, if the rate falls below this mark, then it is worth waiting for further sales.
Note that the fall of bitcoin led to a decrease in the entire cryptocurrency market.
Source: Bits
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