Bitcoin
Bitcoin (BTC)
$63,766.00 2.30389
Bitcoin price
Ethereum
Ethereum (ETH)
$3,417.48 2.56748
Ethereum price
BNB
BNB (BNB)
$570.61 1.84197
BNB price
Solana
Solana (SOL)
$157.53 4.19062
Solana price
XRP
XRP (XRP)
$0.5454230 2.28997
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 9.1688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 28.14432
Pepe price
Bonk
Bonk (BONK)
$0.0000269 11.49258
Bonk price
Bitcoin
Bitcoin (BTC)
$63,766.00 2.30389
Bitcoin price
Ethereum
Ethereum (ETH)
$3,417.48 2.56748
Ethereum price
BNB
BNB (BNB)
$570.61 1.84197
BNB price
Solana
Solana (SOL)
$157.53 4.19062
Solana price
XRP
XRP (XRP)
$0.5454230 2.28997
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 9.1688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 28.14432
Pepe price
Bonk
Bonk (BONK)
$0.0000269 11.49258
Bonk price
Bitcoin
Bitcoin (BTC)
$63,766.00 2.30389
Bitcoin price
Ethereum
Ethereum (ETH)
$3,417.48 2.56748
Ethereum price
BNB
BNB (BNB)
$570.61 1.84197
BNB price
Solana
Solana (SOL)
$157.53 4.19062
Solana price
XRP
XRP (XRP)
$0.5454230 2.28997
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 9.1688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 28.14432
Pepe price
Bonk
Bonk (BONK)
$0.0000269 11.49258
Bonk price
Bitcoin
Bitcoin (BTC)
$63,766.00 2.30389
Bitcoin price
Ethereum
Ethereum (ETH)
$3,417.48 2.56748
Ethereum price
BNB
BNB (BNB)
$570.61 1.84197
BNB price
Solana
Solana (SOL)
$157.53 4.19062
Solana price
XRP
XRP (XRP)
$0.5454230 2.28997
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 9.1688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 28.14432
Pepe price
Bonk
Bonk (BONK)
$0.0000269 11.49258
Bonk price

Bitcoin drops to 3-month lows amid Binance drama

bitcoin-drops-to-3-month-lows-amid-binance-drama
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Bitcoin drops to 3-month lows amid Binance drama

The US SEC sued Binance and its CEO Changpeng Zhao (CZ) for violating the securities law. Consequently, bitcoin (BTC) dropped by over 3% as the marketwide bearish FUD rose.

Bitcoin has been tumbling since early May. With the current bearish sentiment, its price has fallen from the crucial $26,000 mark.

BTC is down by 3.8% in the past 24 hours from the $27,000 mark and trading at around $25,780 at the time of writing. However, bitcoin’s 24-hour trading volume has risen by 75% and currently stands at over $20 billion.

BTC price - June 6 | Source: TradingView
BTC price – June 6 | Source: TradingView

Glassnode data also shows that Bitcoin’s median transaction volume has risen nonetheless. The volume reached $75.17, marking a one-month high.

https://twitter.com/glassnodealerts/status/1665965556128702465

Following the SEC filing, Binance immediately witnessed a net outflow of over $69 million in almost an hour. 

Moreover, the crypto Twitter has been showing its support for Binance since the news about the exchange emerged. According to a poll by CZ asking “who protects you more,” more than 85% of almost 100,000 have voted for Binance against the SEC.

https://twitter.com/cz_binance/status/1665960645076844544

Some users have even mocked the SEC with memes showing that the regulator didn’t do anything about the previous bankruptcies such as the FTX, Celsius, and Terra.