On Sunday, June 10, the price of cryptocurrency in the market fell sharply after it became known that the US Commodity Futures Trading Commission (CFTC) had initiated an audit of four major cryptocurrency exchanges.
In 24 hours, Bitcoin (BTC) has lost 7% of its value and is trading at $6,796. The price of Ethereum (ETH) fell 7%, down to June levels at $535.
In 24 hours, the total market cap of the top 100 cryptocurrencies fell by about $25 billion, and over the past 30 days, the market cap fell by 28% to about $299 billion, down from $440.
The top 10 cryptocurrencies by market are among the top 10, according to Coinmarketcap. capitalizations of IOTA (MIOTA) and EOS suffered the greatest losses. The price of MIOTA is down 9% to $1.39. The price of EOS, which increased significantly last month due to the release of its EOSIO 1.0 software package, has lost 15% to $11.22.
The US Commodity Futures Trading Commission (CFTC) has asked for trading data from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Kraken, which are ranked 21st, 14th, 45th and 13th respectively. largest cryptocurrency exchanges in the world by trading volume.
Since CME Group began trading Bitcoin futures in December 2017, these four exchanges have provided pricing information to CME Group. By requesting trading information, the CFTC is seeking to determine whether there is any activity on these platforms that may constitute cryptocurrency price manipulation.
Bloomberg reported today that South Korean cryptocurrency exchange Coinrail is beefing up its security systems following an alleged hacking attempt. Coinrail reportedly stated that it was able to freeze NPXS, NPER and ATX coins. However, this event is unlikely to have any impact on the market price drop, and data from Coinmarketcap shows that Coinrail is the 99th largest cryptocurrency exchange with trading volume of "only" about $2.5 million.
Entrepreneur and Bitcoin enthusiast Alistair Milne believes that the price drop is not related to either the CFTC audit or the Coinrail hack. He asked his followers on Twitter what influenced the prices. The most popular answers were “aliens” and “Bitcoin is dead.”
According to cointelegraph
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