Home Cryptocurrency Investigation ongoing by Regulators as Cryptocurrencies bounces back

Investigation ongoing by Regulators as Cryptocurrencies bounces back

These past three days has been really tough for investors and traders who stored some Cryptocurrencies as they all lost a huge amount of their prices, a shocking downfall we haven’t been seen in months.

According to CNBC, U.S. regulators are reportedly looking into the situation to find out what actually happened in the crypto in the past 72 hours. The U.S. Justice Department thinks its record-breaking rally last year was the result of market manipulation.

It looks like traders might have used Tether, a controversial cryptocurrency that founders say is backed by a U.S. dollar, to prop up bitcoin, this is according to Bloomberg News.

Whatever happened in these past few days might have turned around because today has been quite greenly in the crypto world.

Bitcoin bounced back by 2.78% in the past 24 hours, going from $4,319 to $4,595. While Bitcoincash gained 7.1%, going from $225 to $248, but that doesn’t stop the fact that the cryptocurrency is out of the top 10 in terms of market capitalization.

Ethereum, which sits pretty in second place increased by 4.42% in price, going from $125 to $137. While Ripple and Eos gained 1.5% and 2.25% to their prices respectively, going from $0.412 to $0.442 and $3.55 to $3.82.

Dash and Litecoin also experienced a little bit of gains just like all the top 10 cryptocurrencies. Dash went from $102 to $111, gaining 6.07%, while Litecoin went from $31 to $34 gaining about 3.02% in price in the past 24 hours.


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