The most famous virtual currency went down 6.1% to $8,758.09 at 3:43 p.m. Hong Kong time today.
It has been a negative week for Bitcoin. It has slumped more than 20% this week as a consequence of increased regulatory scrutiny in Japan and the US.
“The screen is flashing red today and people are getting fearful,” said Caleb Yap, co-founder of Singapore Bitcoin Club. “Weak hands are definitely wanting to sell. If Mt. Gox can dump $400 million of Bitcoin just like that and there’s still billions left, the fear is when is the big drop coming.”
On Thursday, Japan’s Financial Services Agency ordered two exchanges to stop operations for at least one month and penalized four others. This happened just hours after a warning from the US Securities and Exchange Commission that many online trading platforms should register with the agency.
“These are all growing pains,” said SJ Oh, a Hong Kong-based trader at Octagon Strategy. “And while hurtful today, the fact that regulators are cracking down will be good for the long run.”
2 min
Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.04
Trade+0.03% -
USD/JPY
157.39
Trade+0.16% -
GBP/USD
1.25
Trade+0.03% -
AUD/USD
0.62
Trade+0.12% -
GBP/JPY
197.44
Trade+0.19%
-
Tesla, Inc.
462.46
Trade+5.99% -
Microsoft Corporation
439.19
Trade+1.03% -
Shopify Inc.
110.31
Trade+0.77% -
Coinbase Global, Inc.
279.63
Trade+2.28% -
NVIDIA Corporation
140.17
Trade+0.3%
-
Gold
2626.85
Trade+0.4% -
Crude Oil WTI
70.21
Trade+0.48% -
Crude Oil Brent
73.23
Trade+0.78% -
Silver
29.66
Trade0% -
Natural Gas
3.35
Trade-2.21%
-
US 100
21762.85
Trade+1.47% -
US 500
6040.86
Trade+1.06% -
US 30
43241.24
Trade+0.74% -
GER 30
19887.85
Trade-0.09% -
JP 225
39393.5
Trade+0.04%
-
UltraPro Short QQQ
27.93
Trade-2.96% -
S&P 500 ETF
601.26
Trade+0.89% -
20+ Year Treasury Bond ETF
87.86
Trade+0.96% -
Daily Junior Gold Miners Index
37.37
Trade-0.9% -
Technology SPDR
240.55
Trade+0.73%
Your capital might be at risk
Related posts
How To Short Sell Crypto: Making Profits in a Bear Market
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
Bitcoin Technical Analysis for July 2019
What should you learn next? Turn the wheel to find out!
