Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

(CNBC) Cryptocurrency prices dropped Monday after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Bitcoin fell 5.5% to $25,662.50, its lowest level since March, according to Coin Metrics. Ether slid 5.1% to $1,807.79. Binance Coin, a token used to pay transaction and trading fees on the Binance exchange, tumbled 9.5%.

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