Bitcoin Dips Below $10K on SEC Fears

Another round of crashes for Bitcoin … 

Bitcoin steadied after two days of losses as investors weighed the impact of a clampdown on cryptocurrency exchanges in Japan and renewed regulatory scrutiny of the venues in the U.S. 

The biggest virtual currency was flat at just under $10,000 as of 8:38 a.m. in London, after earlier slumping more than 4 percent during Asia trading hours. It has dropped about 10 percent this week.

 

Japan’s Financial Services Agency ordered two exchanges to halt operations for a month and penalized four others on Thursday, just hours after a warning from the U.S. Securities and Exchange Commission that many online trading platforms should register with the agency. The moves are the latest in a series of efforts by global regulators to increase oversight of the industry.

Source: Bloomberg

 

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