Bitcoin fell by 4%

Yesterday, on March 27, it became known that the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the world’s largest cryptocurrency exchange Binance and its CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao. The company and its CEO are accused of violating industry regulations. Immediately after the news broke, the bitcoin rate dropped by 4%.

At the time of writing, March 28, BTC is trading for $ 27,089. The market capitalization of bitcoin is $ 523.6 billion, and the daily trading volume is $ 2.5 billion.

Twitter’s crypto community is speculating about what caused the government investigation against Binance. Some enthusiasts believe that the platform’s management, including Changpeng Zhao, is involved in insider trading. Others claim that the assets that pass through the crypto exchange are used for money laundering and terrorist financing.

Changpeng Zhao himself called the fact that the CFTC filed a complaint disappointing. The Binance CEO reminded that both he and the crypto exchange have been working closely with the regulator for two years.

Other digital coins from the top 100 also showed a decline in rates. Thus, ETH dropped by 1.2%. At the moment, the main altcoin is worth $ 1,732 with a market capitalization of $ 208.6 billion. Traders made daily trading deals worth $ 1 billion.

Binance Coin (BNB) lost 5%. The asset is traded at $ 310.7, with a market capitalization of $ 49 billion and daily trading volume of $ 200 million.