• Tue. Sep 26th, 2023


Actual and verified news from Ukraine and the world

Cryptocurrency resumed its fall.


Jun 12, 2023 ,
Криптовалюта возобновила падение после того, как репрессии SEC привели к распродаже

Regulatory restrictions encourage market makers to leave exchanges.

On Monday, cryptocurrency prices started to fall again, albeit they were still above weekend lows as a result of last week’s regulatory action by the U.S. Securities and Exchange Commission, which dampened investor morale.

As of this morning in Singapore, Bitcoin was down 1.1% to $25,844 after being down 3.9% on Saturday.

Relatively small volumes over the weekend added volatility.

Following recent U.S. regulatory lockdowns that have forced market makers to withdraw money, the mood in the digital asset sector is still uncertain. However, the markets are quite fragile,” said Richard Galvin, co-founder of DACM, a Sydney-based hedge fund that invests in digital assets. “There has been some recovery following overselling over the weekend.

According to CoinGecko, the market capitalization of all cryptocurrencies fell to $1.09 trillion on Monday as the index of the largest digital tokens declined by 0.8%.

Galvin claims that despite the $1 trillion market value of cryptocurrencies, there appears to be resistance.

Следите за нами и ставьте лайки:

Leave a Reply

Your email address will not be published. Required fields are marked *

Wordpress Social Share Plugin powered by Ultimatelysocial