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Bitcoin Prices

Bitcoin: Cryptos Plunge After SEC Statement

The cryptocurrency market was volatile on Wednesday, after the SEC warned that all online trading platforms must be registered as a national securities exchange. The SEC expressed its concern that many platforms appear to be safe to investors, however, they lack legitimacy because they are not registered or regulated.

Bitcoin Prices
Bitcoin Prices

Digital assets plummeted after the announcement.  Bitcoin has dropped -8.6% in the last 24 hours (down roughly -50% from the all-time highs), while valuations in nine of the 10 most commonly-traded cryptocurrencies are also lower on the day.

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