News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin‘s price drop to $46,000. Initially, it was Tesla’s May 12 announcement that it would stop accepting Bitcoin as payment over environmental concerns, along with technical weakness and a nearly complete head-and-shoulders technical pattern.
Market capitalization: $2.36T (-2.34%)
The BTC dominance: 39.47% (-0.11%)
Fear & Greed Index: 26 (Fear)