Bitcoin regains 7% having dived below $3,500

Bitcoin regains 7% having dived below $3,500

On Monday, in Asia, the number one digital coin, Bitcoin managed to regain up to 7% having dived below the $3,500 on Sunday. As for other crypto assets, their value inched up too.

As a matter of fact, Bitcoin headed north by up to 7% ending up with an outcome of nearly $4,084.7 on the Bitifinex exchange.

As for XRP, the value of this crypto asset headed north by up to 7.1% coming up with a result of about $0.37860 on the Poloniex exchange.  

Besides this, Ethereum headed north by 7.9% hitting $116.82. As for Litecoin, the market value of this digital coin managed to strengthen by 9.6% trading at $32.095 on the Bitifinex exchange.

Moreover, on Sunday, Bitcoin inched down by about 10% fluctuating at $3,447.58, which turns out to be its lowest value since September last year.

The world’s leading crypto asset has currently dived over 35% for the last week. Eventually, the weekend losses contributed to its year-to-date slump, making it amount to over 75%. As for other key crypto assets, including Ethereum and XRP, they also went down by nearly 10% over the weekend.

While the trigger for the recent sell-off appearsto be unclear, but it’s quite in line with the  American Securities and Exchange Commission’s clampdown on two crypto companies, which didn’t register their ICOs as securities.     Aside from that, the two companies, Paragon Coin and Airfox, are both obliged to pay penalties of up to $250,000 to have their investors compensated. That’s what Bloomberg informed referring to SEC’s statement.

In addition to this, Bloomberg informed that the American Justice Department is currently probing whether the previous year’s crypto surge was powered by manipulation or not.

Furthermore, others blamed worries that a so-called hard fork in Bitcoin cash might have suppressed demand for the most popular digital currency.

 

 

 

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera