Crypto assets generally sink

Crypto assets generally sink

On Tuesday, digital coins found themselves in the red in Asia. Bitcoin was unable to overleap the $4,000 level, while the crypto market capitalization declined by 2.5% for just one day.

As a matter of fact, Bitcoin tumbled by 2.52% ending up with $3,930.3. For the last week the number one crypto asset saw bulls and got closer to the $4,000 psychological mark, although lost steam to rebound to the $3,800 range.

As for Litecoin and Ethereum, they demonstrated wider losses. XRP dived a bit.

Ethereum decreased by 3.87% concluding the trading session at $130.96. Litecoin went down by 6.69% hitting 53.691 for the last 24 hours. As for XRP, this digital coin also went down, losing 1.94% demonstrating an outcome of $0.30753. Eventually, the bear crypto market pushed the crypto market capitalization down to $131.6 billion in contrast with yesterday’s outcome of $135 billion.

Hester, Peirce, US Securities and Exchange Commission Commissioner gained attention of crypto enthusiasts by telling that crypto markets need to self-regulate when possible and government regulations aren’t necessary.

Commonly dubbed «crypto mom», Hester Peirce is also known for her support for Bitcoin pro-Bitcoin stance and she backs a lighter regulatory touch. When the Securities and Exchange Commission neglected a Bitcoin exchange-traded fund application for the second time in 2018, Hester Peirce came up with a statement of official dissent.

In addition to this, a Republican member of the Texas House of Representatives offered a bill to have the anonymous use of digital coins banned. In fact, the bill proposed by Representative Phil Stephenson calls for anybody sending and receiving crypto assets should be identified.


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