Bitcoin has started the day in a negative mood. At press time, the largest cryptocurrency by market cap is trading at $37,784.37 (-2.23%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $2,481.76 (-0.61%), while Tether has risen by 0.01% and is now trading at $1.
The price of Bitcoin has fallen to $37,000. Apparently, the lack of a clear catalyst for growth is resulting in bears winning the battle against the bulls. As a result, the saying "what doesn't grow ends up falling" is once again applicable to the crypto market.
While the cryptocurrency price yesterday held above this level, the lack of buyers has caused the coin to fall below the $38,000 barrier to $37,000.
The head of the US Securities and Exchange Commission (SEC) has said in an interview with Bloomberg that he is not going to be inclined towards the cryptocurrency market despite the fact he is intrigued on technology behind these assets. In fact, he has said that the regulator's main objective is to protect investors.
According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,548,400,475,628.
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