Bitcoin plunged to its lowest point in over two months, as markets continue to react to the SEC versus Binance lawsuit. The Securities and Exchange Commission (SEC) is suing the crypto exchange for violation of U.S securities laws. Ethereum was also in the red, dropping below $1,800 in the process. Bitcoin Bitcoin ( BTC ) sank to a multi-month low on Tuesday, as markets reacted to the news that has been sued by the SEC . BTC /USD dropped to a bottom at $25,445.17 earlier in today’s session, a day after trading at a high of $26,810.22. This decline pushed bitcoin to its weakest point since March 17, when it was at a low of $24,946. Looking at the chart, the drop in price coincided with the 14-day relative strength index (RSI) falling below a floor at 38.00. At the time of writing, the index is tracking at 36.12, its weakest point since mid-March. Despite a recent upwards crossover of moving averages (MA), the 10-day trendline has now firmly shifted direction. Ethereum Additiona
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