InvestorGreg
News
Cryptocurrencies Will Continue Falling amid the Investigation by the US SEC

Cryptocurrencies Will Continue Falling amid the Investigation by the US SEC

Published by InvestorGreg Editorial Team

December 6th, 2018

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.

About the author

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.

Fidelity Review

Charles Schwab

Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.

Charles Schwab Review

E*TRADE

ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.

E*TRADE Review

Vanguard

Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Vanguard Review

Full list of recommended

Suggested For You

The British Pound Reached a Peak for 11 Weeks JAN 28, 2019 The British pound reached a peak of 11 weeks on Friday after The Sun reported that the Democratic Unionist Party of Northern Ireland decided to support the Brexit plan proposed by Theresa May next week.

Virus in China Hit Global Financial Markets JAN 22, 2020 Quotes on global stock markets decreased due to concerns about the dissemination of the deadly coronavirus in China. Asian markets affected the most extent.

Fidelity Will Launch a Cryptocurrency Storage Service JAN 31, 2019 The start of the cryptocurrency storage service from Fidelity Investments, which assets under management amount to $2.5 trillion, may take place in March, CoinDesk reports. According to sources, the system of the division of Fidelity Digital Asset Services LLC (FDAS) has been already operating, and it is used to store digital money currently.

Binance Will Launch Its Own Blockchain to Create Cryptocurrencies DEC 6, 2018 Representatives of Binance, the largest cryptocurrency exchange in the world, announced the launch of its own blockchain, Binance Chain, in the coming months, which will allow “millions of projects” creating new cryptocurrencies and conducting ICOs.

Etrade Launches Cryptocurrency Trading MAY 3, 2019 Etrade Financial Group, a brokerage firm, plans to provide customers with the opportunity to trade cryptocurrency on its platform.