Bloomberg reported the cryptocurrency market dropped to a 10-month low as Ether, bitcoin’s rival, fell by 11%, and the Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One and Ether Tracker One.
According to Bloomberg, bitcoin fell 2.4%, and the digital assets market capitalization tracked by coinmarketcap.com dwindled to $197 billion, a far cry from its January peak of almost $640 billion.
Concerns regarding the pace digital asset adoption has led to cryptocurrency contraction during five of the past six weeks, according to Bloomberg.
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