Crypto Price Today: Bitcoin slips below $25,800 after SEC sues Binance; BNB, Dogecoin shed over 7%

The cryptocurrency markets were trading in the red on Tuesday after the U.S. Securities and Exchange Commission (SEC) filed suit against Binance, accusing the exchange giant of violating securities laws.

Bitcoin (BTC) declined 4% to $25,764, whereas Ethereum (ETH) was below the $1,850 level. BTC volume stood at approximately $20.32 billion, rising 76% in the last 24 hours.

“The latest development between Binance and SEC has spooked the global crypto market resulting in a bloodbath across digital assets.