What caused the drop in the price of the cryptocurrency market: Two major factors

What caused the drop in the price of the cryptocurrency market: Two major factors

Cryptocurrency markets suffered on Sunday as the price of Bitcoin fell to its lowest level in two months — from about 7 to less than 280 6 700 USD .

This weekend the EOS, Ethereum, Bitcoin, Cash, Litecoin, Ripple and also suffered heavy losses — from 5 to 15 percent based on the indicators CryptoCompare, a web site that tracks the prices of basic digital coins. Charles Hayter, the founder of the platform, said that for two reasons — the recent hacking of cryptocurrency exchanges out of South Korea and an article published Friday by the Wall Street Journal, which detailed the current study the manipulation of the market in the United States.

Cryptocurrency exchangers, according to Hayter, are currently “caught between a rock and a hard place” because of jurisdictional issues and legal disputes. While Charles has described the fall in the price of Sunday as “relatively minor”. At the time of writing, the price of one bitcoin has stabilized around 6 to 800 dollars. This is far from the highest highs of December last year, when one “coin” was estimated at $ 20,000.

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