Crypto Markets Lose $26 Billion as Oil Prices Tank – March 9

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$7,918

Bitcoin price fell over $1,000 over the weekend, falling through recent lows as well as $8,000 support – including a 10% drop over the last 24 hours.

Top-20 altcoins are looking worse for wear, as Ethereum plummets over 11% and XRP almost 10%. the two worst performers are Litecoin and Bitcoin Cash, falling 15% each over the last day of trading.

Top Stories for March 9, 2020 🔥

👉 Crypto Markets Lose $26 Billion as Oil Prices Tank

USD$26 billion in value has been wiped off from the total cryptocurrency market cap, as Bitcoin fell 10% in 24 hours yesterday.

Oil prices, however, saw their largest fall in almost three decades, plummeting by 30%. Although markets had already turned, the drop was further catalyzed by an OPEC agreement failure.

👉 IOTA Founder to Personally Reimburse Hack Victims

IOTA Founder David Sønstebø has pledged to personally reimburse the 46 victims of the recent IOTA hack, amounting to almost USD$2 million in losses.

The hack occurred in mid-February, affecting the cryptocurrency’s official desktop wallet. The IOTA network has remained down since the hack.

👉 Crypto Regulations in the U.S. May Ramp Up This Year

2020 is shaping up to be a big year for cryptocurrency regulation in the United States, as major regulatory offices appear to be focusing closely on the sector.

The upcoming changes include a potential safe-harbor proposed by the SEC, as well as more stringent AML and counter-terrorism efforts by FinCEN.