The cryptocurrency price declined below the $48,000 level with bitcoin trading today. The world’s largest cryptocurrency by market capitalization was hovering around $47,085, down 1.5%. It is up 62% this year, however, well below the virtual token’s all-time high of around $65,000 in April.
Ether, the coin tied to the Ethereum blockchain, also fell more than 3% to over $3,309. Cardano price dropped 4% to $2.26 while Dogecoin also fell 4% to $0.23. Other virtual tokens including Stellar, Uniswap, Litecoin have also declined in the last 24 hours. Meanwhile, Solana was trading down 9% at $152.2. Network Solana, one of the fastest growing cryptocurrencies this year, faced problems verifying transactions last week, although it was able to resume later.
The US investigation into Binance Holdings Ltd has expanded, and authorities are now investigating possible insider trading and market manipulation, as reported by Bloomberg, the latest sign that the investigation into the world’s largest cryptocurrency exchange is intensifying. is happening.
Sources told Bloomberg that as part of the investigation, US officials are investigating whether Binance or its employees profited from taking advantage of their clients. The report said the review involved investigators from the Commodity Futures Trading Commission, who have been reaching out to potential witnesses in recent weeks.
(with inputs from agencies)
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