📈 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 🔥
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 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.
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.