The bitcoin price on Thursday plunged more than 8 percent across the Asian and European trading session, according to aggregated market data at CoinMarketCap.com. Continue reading Bullish Correction in Bitcoin Still Possible if Price Holds Above $3,550
Cryptocurrency prices began to creep back into positive territory after two top US market regulators signaled a cautious approach to cryptocurrency regulation during Tuesday’s high-profile Senate hearing. Securities and Exchange Commission (SEC) Chairman Jay Clayton and Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo spoke before the Senate Committee on Banking, Housing, and Urban Affairs for more than two hours, delivering prepared remarks and answering pointed questions from regulators. As CCN reported, Clayton and Giancarlo largely stuck to the script during the hearing, calling for “carefully tailored” regulation of cryptocurrency exchanges at the federal level but cautioning legislators against acting too quickly — or with a heavy hand.