Bitcoin, Ethereum, Dogecoin Fall Even As SEC Ends Lawsuit Against Binance: Analyst Says ‘Play Safe’ As Downside To $102,000 A Possibility
Leading cryptocurrencies slid on Thursday, even as the Securities and Exchange Commission dropped its lawsuit against cryptocurrency behemoth Binance.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.81% | $105,900.54 |
| Ethereum (CRYPTO: ETH) |
-2.71% | $2,626.22 |
| Dogecoin (CRYPTO: DOGE) | -3.80% | $0.2138 |
What Happened: Bitcoin plunged below $105,000 overnight while its trading volume rose over 15% from the previous day.
Bitcoin’s slump pushed the entire market lower, with Ethereum falling below $2,600 and Dogecoin down more than 7%.
That said, blue-chip currencies looked set to end May on a high note, with Bitcoin up 12.12% and Ethereum up almost 45% since the month began.
Meanwhile, the SEC ended its nearly two-year-long enforcement action against Binance, which alleged that the cryptocurrency exchange had violated securities law and misled customers.
Binance celebrated the legal win, thanking SEC Chair Paul Atkins and President Donald Trump.
About The Author
