The Commodity Futures Trading Commission (CFTC) - an independent US government agency that regulates futures and options markets - says it supports the Security Exchange and Commission (SEC) findings that virtual tokens used in ICO are securities, which sparked investor concerns about possible action application of rules.
Digital currency bitcoin prices advanced higher on Thursday, while Bitcoin Cash and Ethereum remained weaker. On the US-based Bitfinex bourse, Bitcoin is trading at $ 5,690.00 at 18.04 GMT, opening at $ 5,574.80.
Prices have slumped to a one-week low of $ 5,114.30 on Wednesday on fears of firm action on the Initial Coin Offerings (ICO) and in a report that South Korea is preparing to impose a tax on bitcoin so scary for investors.
Bitcoin peaked at $ 5,876.90 on Sunday, the highest level in its nine-year history, before retreating. Bitcoin started the year close to the $ 1,000 level and with current prices having a market capitalization of about $ 94 billion.
Meanwhile, Bitcoin Cash last was at $ 337.00, almost unchanged for the day.
Bitcoin has a total market capitulation of about $ 5.6 billion at current prices, making it the fourth most valuable crypto of money.
Elsewhere in the crypto trade, Ethereum, the second largest crypto currency by market capitalization after bitcoin, tumbled around 1.78% to $ 308.00.
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