The cryptocurrency market has been in a downtrend for quite some time. The latest news about the filing of an investigation by the US Securities and Exchange Commission (SEC) has pushed down the prices of most coins.
The SEC filing comes after a Bloomberg report citing unnamed sources said the agency was investigating whether initial coin offerings (ICOs) were used as a way to circumvent securities law or not.
The SEC has yet to comment on the report and it remains unclear what will happen next. However, one thing is clear: FUD has returned to biting cryptocurrencies, which have seen their value drop significantly in recent weeks.
Cryptocurrencies skip FUD as market volume is lower than last week
As markets continue to react to the SEC ruling against ICOs, one question remains: why would anyone want to invest in cryptocurrencies if they can't even buy them?
The answer lies in how cryptocurrencies avoid cryptocurrencies by selling low and using all available supply as a way to increase demand when it's time for buyers to sell their coins later. The more coins sold today, the more expensive they will be tomorrow because not enough people want them