The prices of all cryptocurrencies, led by Bitcoin, have fallen over the past two days as a result of a series of successive news that have severely affected the sector. The US Securities and Exchange Commission accused Binance Holdings Ltd of mishandling funds and lying to regulators.
On Monday, the regulator filed a similar case against Coinbase Global in federal court in New York, alleging that the cryptocurrency company violated its rules. As a result, Bitcoin fell by about 2.9% to reach $26,458 today morning, losing its market value of about $46 billion.