Crypto Market Plummets as SEC Announces Suspension of Two Securities



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.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com