Bitcoin drops after CFTC sues crypto exchange Binance for allegedly breaking trading rules

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Bitcoin drops after CFTC sues crypto exchange Binance for allegedly breaking trading rules
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Bitcoin is still on track to cap a winning month. It's advanced 16% in March, while ether has gained 6%.

Before Monday, analysts said the March rally may be petering out, but that a long-term bullish formation has been established. Crypto exposed equities suffered from the news too. Coinbase and Microstrategy each fell 10%.

Miners Marathon Digital, Hut 8 and Riot Platforms lost about 8% each.
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