Why did Bitcoin dropped so hard?
Bitcoin dropped from around $50000 dollars to around $43000 at monday 20 September.
Binance, one of the world biggest cryptocurrency exchange by trading volume, is under investigation for possible insider trading and market manipulation by the CFTC.
What is insider trading?
Insider trading is when someone trades crypto (or shares/securities) while they have more information about the underlying asset than others so they can trade before the public knows something. This type of insider trading is illigal. You can find more information here
What is Market Manipulation?
Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market; the most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product or a cryptocurrency.