Why bitcoin fell below $ 9,000

in life •  7 years ago  (edited)

The price of bitcoin fell below $ 9000, losing 24% in the price over the past three days. Only in the last 24 hours the drop was 12%. Now it is trading at $ 8,796.68 against the latest peak at $ 11,767 on 20 February.

Among the possible reasons for the decline are the actions of financial regulators from the US and Japan, as well as a large sale of crypto currency by the closed Japanese exchange Mt. Gox.

First Wednesday, the US Securities and Exchange Commission reported that exchanges offering trade in "digital assets that are securities" will have to register with the agency. This statement was preceded by several weeks of pressure on the crypto-exchange sites with SECs.

In Japan, on Thursday, Financial Services Agency suspended the operation of two BitTorrent and FSHO cryptographic exchanges for a month due to violation of safety standards, and also issued a warning to five more crypto-exchanges. Trustee of another Japanese crypto-birzi Mt. Gox, which went bankrupt in 2014, yesterday sold Bitcoin 1CNHNsZxv90.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

it will reduce to 7000$

Market is crashing.