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The crash in cryptocurrencies accelerated, with Bitcoin having pierced $ US5,000 ($ 6,850) for the first time since October 2017, due to speculation that greater regulatory control will push issuers of initial money bids to liquidate holdings. .
Bitcoin dropped below $ US5,000 for the first time since October 2017.Credit:Bloomberg
Bitcoin fell 9.1 percent to US $ 4.958, falling for an eighth consecutive day in what is the longest series of losses recorded for the 10-year digital token. The so-called alternative coins collapsed even more, with Ether falling to 13% and Litecoin cratering up to 14%. XRP, the token associated with Ripple, was the solitaire gainer among the major digital currencies.
On Friday, the SEC announced its first civil sanctions against two cryptocurrency companies that did not register their initial money offerings as securities. Airfox and Paragon Coin Inc. will have to pay $ 250,000 in penalties to compensate investors and will also have to register their digital tokens as securities.
"The selloff is related to application, which is almost certainly underway," said Justin Litchfield, chief technology officer at ProChain Capital. "Plans have been made to return the money of investors, who, after spending a ton of money to market their $ 100 million dollars ICO in a festive street parade that was the norm for this ICO's vintage, it will be tough ".
