Crypto Price Today: Bitcoin slips below $25,800 after SEC sues Binance; BNB, Dogecoin shed over 7%

The value of Bitcoin (BTC) dropped 4% to $25,764, while Ethereum (ETH) was trading below $1,850 following the US Securities and Exchange Commission’s (SEC) lawsuit against Binance. This has caused a drop across the global cryptocurrency market, with Binance and its CEO Changpeng Zhao both being sued by the SEC for regulatory violations. Other cryptocurrencies trading lower include BNB and Solana, with the market cap trading at around $1.09tn, a fall of 4% in the last 24 hours. According to experts, markets are set to remain volatile in the upcoming weeks due to the ongoing Binance-SEC saga.