Bitcion drops on news wire reports of investigation into leading Crypto exchange

Bitcoin has just taken a hit, falling to session lows underneath 56k on newswire reports that Binance Holdings (the biggest crypto exchange in the world) is to be investigated by the Commodity Futures Trading commission (CFTC) over potential irregularities on US trades that violated US rules. The news has impacted the whole crypto market almost immediately and helped to push Bitcoin to as low as 55,500 so far and the price is still falling as this update is being sent out