Bitcoin falls below $30,000 during Tuesday’s choppy session
market moves were triggered following reports of an investigation by the Securities and Exchange Commission (SEC) that the BNB token, issued by Binance, could be categorized as a security. BNB is currently down 6%
• The cryptocurrency found support at $25,000 and $27,000
Bitcoin slumped 4.8% to $29,827.50, remaining in a choppy trading range as short-term indicators were neutral.
The cryptocurrency found support at $25,000 and $27,000 as its price continued to stabilize from last month's sell-off. The second-largest cryptocurrency, Ether fell 4% to $1,784.43 on Tuesday.
The market moves were triggered following reports of an investigation by the Securities and Exchange Commission (SEC) that the BNB token, issued by Binance, could be categorized as a security. BNB is currently down 6%.
Bitcoin is now down more than 50% from its peak price of $68,990.90 in November 2021. It fell for eight straight weeks and dropped below $30,000 last month after the Terra collapse.
Other cryptocurrencies such as XRP fell 2.58%, Solana fell 8.76%, Cardano was down by 8.69%, and Stellar fell 7.47%.
Dogecoin fell 4.23%, Polkadot was down 7.65%, Avalanche fell 13.60%, and Shiba Inu fell 5.44%.