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
1.09
Trade-0.01% -
USD/JPY
148.84
Trade+0.17% -
GBP/USD
1.3
Trade-0.02% -
GBP/JPY
192.98
Trade+0.15% -
EUR/JPY
161.56
Trade+0.16%
-
Shopify Inc.
101.87
Trade+2.37% -
Tesla, Inc.
235.63
Trade+0.08% -
NVIDIA Corporation
118.49
Trade+0.04% -
Apple Inc.
214.16
Trade+0.04% -
Amazon.com, Inc.
195.33
Trade+0.21%
-
Gold
3044.39
Trade-0.12% -
Crude Oil WTI
68.49
Trade-0.05% -
Gold-Gram
97.88
Trade-0.12% -
Crude Oil Brent
72
Trade+0.03% -
Silver
33.48
Trade-0.25%
-
US 100
19707.6
Trade+0.16% -
GER 30
22962.45
Trade-1.46% -
US 500
5670.1
Trade+0.11% -
US 30
41959.56
Trade+0.07% -
JP 225
37887.51
Trade+0.73%
-
UltraPro Short QQQ
36.77
Trade-1.5% -
Daily Junior Gold Miners Index
60.51
Trade+2.2% -
S&P 500 ETF
565.69
Trade+0.44% -
Gold Miners ETF
45.14
Trade+1.1% -
Bitwise Bitcoin ETF (BITB)
45.81
Trade-1.21%
Your capital might be at risk
Related posts
Top Crypto Assets, Rumours and Strategies for 2025
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?
What should you learn next? Turn the wheel to find out!
