InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Cryptocurrencies Will Continue Falling amid the Investigation by the US SEC
The main cryptocurrencies continue falling in price amid the investigation conducted by the US SEC concerning the anomalous growth of the Bitcoin exchange rate in 2017. The regulator tries to find the illegal reasons for the sharp upward jump of Bitcoin last year. Before the results of the investigation are made public, investors prefer not to take risks, but wait and see.
As at 11:00, Bitcoin rate fell down by 3.66% to $3,848 for a day; its capitalization amounted to $67.9 billion. By this time, Ethereum weakened by 4.26% to $105.4; its capitalization reached $11.2 billion. As it became known earlier, ETCDEV, a leading company for developing Ethereum Classic, closed. Such a decision of the management was related to the situation on the cryptocurrency market.
XRP lost 4.15% for a day and dropped to $0.345; its capitalization amounted to $14 billion. Litecoin weakened by 5.1% to $29.8; its capitalization reached $1.8 billion.
The total capitalization of the cryptocurrency market reached $125.9 billion.
Recommended Financial Products
Suggested For You
Most Popular News