Bears finally took over the cryptomarket and pulled the price for BTC down.
Crypto assets demonstrate mixed performance
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end.
Eventually, the number one digital coin, Bitcoin shot up by about 0.31% demonstrating the settlement of $3,885.5. As for Ethereum, it surged by 0.64% hitting $133.26. Besides this, Litecoin rallied by approximately 0.87% reaching $56.401. XRP went down by about 0.81% showing $0.31165.
The Chairman of US Securities and Exchanges Commission, Jay Clayton attracted attention on Friday, as he discussed a Bitcoin Exchange-Traded Fund with FOX Business. Clayton added investor protection is his primary concern. He doesn’t want crypto trading to be manipulated anyhow. Instead, from his point of view, crypto trading needs to be carried out according to sound rules, as it gives a feeling of comfort and security.
However, Clayton told nothing about any specific Bitcoin ETF application. By the way, soon the SEC is going to review the application for Bitcoin ETF offered by SolidX and VanEck.
In addition to this, Gatecoin, Hong Kong-based crypto exchange got a court order to wind-up and instantly stop operations. In fact, the crypto exchange didn’t manage to retrieve money lost in a dispute with an ex-payment services provider. As a result, it’s bound to face liquidation.
As follows from Thursday’s statement, Gatecoin drew attention to issues with banking services in September last year because as its Hong Kong bank accounts were frozen.
Gatecoin tried to had its creditors assured by telling that assets are going to be redistributed. The the crypto exchange became a victim of a major hack in 2016, with about $2 million worth of various digital coins lost, approximately 15% of its total digital coins.
On Tuesday, Bitcoin managed to rally more than 10% testing $8,000 in Asia, while other key crypto assets also demonstrated substantial profits against the backdrop of bullish sentiment…
On Friday, versus all odds, Bitcoin proceeded with its surge in Asia and the cryptocurrency market generally stayed in the red…
The greatest sale of Bitcoin keeps going.
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