In this article we will see why is crypto down today by looking at recent evidence and facts.
Over the past five days, crypto assets have been under sustained attack by the SEC: a collapse today was likely.
Why is crypto down today? Victims and survivors of the collapse
Of the top thirty cryptocurrencies by market capitalization only Tron (+0.45%), Aptos (+5.68%) and Hedera (+1.83%) are escaping the collapse.
Bitcoin loses 1.09% and falls to €20,270.96 as does Ethereum which falls to €1,401.25 (-1.69%) but the worst is BNB (-7.58%).
BNB records the worst fall today due to the attack made by the SEC against it as we will see below.
SEC vs crypto
For five days now, the crypto sector has been suffering the onslaughts of the SEC, which by the sound of lawsuits seems to want to have more power over this asset class.
The SEC wants to change what it says makes the digital currency asset “outlawed.”
Staking, some exchanges and certain tokens do not meet the SEC’s stringent regulatio
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