Bitcoin Below $10,000 And Exposed Lower After SEC Torpedo - News Summed Up

Bitcoin Below $10,000 And Exposed Lower After SEC Torpedo


The downdraft was created by a SEC statement regarding digital currency exchanges. In December last year, SEC Chairman Jay Clayton released a statement about cryptocurrencies and Initial Coin Offerings. The one week chart below shows yesterday’s drop below $10,000 and a further drop today to around $9,300. coindesk.comThe statement added, “The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not. coindesk.comThe second chart shows Bitcoin’s 50-, 100- and 200-day moving averages, which are the blue, red and green lines, respectively.


Source: Forbes March 08, 2018 18:08 UTC



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