The price of Bitcoin fell below $5,000 today for the first time since October 2018.
The price of Bitcoin fell below $5,000 today for the first time since October 2018. It is currently trading at $4,874. The cryptocurrency market has been in a bear market since January 2019 and many experts are predicting that it will continue to decline throughout 2020. Some believe that the decline is due to a lack of regulations and clarity surrounding cryptocurrencies, which may make investors more hesitant to invest in them.
The U.S Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), New York Stock Exchange (NYSE) Group’s Digital Asset Group, New York State Senate Committee on Financial Services, and other regulators have all made statements regarding cryptocurrencies in recent months.
