Bitcoin plunged 16% to $ 5,881 on the six day intraday, at least 16% decline for Ripple, Litecoin and Ether. Bitcoins also fell below the 200-day moving average on the 6th and the last breach of the 200-day moving average occurred in August 2015, after which bitcoin plummeted by 24% in two weeks.
Information obtained by Bloomberg shows that the two major market regulators in the United States plan to require Congress to consider monitoring the digital currency trading platform at the federal level. At present, many trading platforms operate in a gray area.
US Commodity Futures Trading Commission (CFTC) and the main 席吉安卡洛 the United States Securities and Exchange Commission (SEC) Chairman Clayton six days all will go to the Senate Banking Committee testimony, when lawmakers will question two heads of the regulatory agencies on how to improve the efficiency of digital currency .
The above developments are the latest blow to the cryptocurrency market, with quotes website Coinmarketcap.com showing that the market value of cryptocurrencies has evaporated over $ 500 billion since the governments shot down cryptocurrencies in early January.
In the meantime, JP Morgan Chase, Bank of America and Citigroup said on Friday they banned users from buying bitcoins on credit cards. On the 5th, Lloyds also announced that it would notify nine million credit card customers that a card purchase is forbidden Bitcoin became the first bank in Britain to implement such a ban.