Bitcoin prices fell below $ 33,000 on Friday for the first time in over a week, with most other major cryptocurrencies trading in the red.
The world’s top digital assets by market capitalization plummeted to $ 32,639 during Friday trading. Ethereum was down 10.0% to $ 2,079, while the other top 20 ciphers, Cardano, Ripple, Dogecoin and Polkadot, lost 5% to 10%.
In the past few weeks, Bitcoin has fallen by more than 50% from its April peak price of $ 65,000. The cryptocurrency market is facing increasing regulatory crackdowns around the world.
The latest hit came from Senator Elizabeth Warren, who chairs the Senate’s Economic Policy Subcommittee. Warren wants “common sense regulations” on US cryptocurrencies. She ordered the Securities and Exchange Commission to enact a law on crypto market regulation by July 28, and unpredictable changes in the price of “very opaque and volatile” cryptocurrencies could “end badly” for traders. He said he had sex.
This follows various actions taken by governments around the world on cryptography. China banned financial institutions from offering all forms of crypto services in May, but last month the UK announced that Binance, the world’s largest crypto exchange in terms of trading volume, would carry out domestically regulated activities. I blocked it.
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Bitcoin slides in the broader crypto market sold out
Source link Bitcoin slides in the broader crypto market sold out