RATE Group | Bitcoin price drop news: Why is bitcoin going down? BTC falling today | City & Business | Finance
28138
wp-singular,post-template-default,single,single-post,postid-28138,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin price drop news: Why is bitcoin going down? BTC falling today | City & Business | Finance

25 May Bitcoin price drop news: Why is bitcoin going down? BTC falling today | City & Business | Finance

Posted at 05:21h in Bitcoin News by

[ad_1]

Bitcoin prices are dropping today amid a price manipulation scandal. 

The cryptocurrency fell more than 1 percent today to trade at $7,539, as of 6.30pm BST.

BTC took a hit with news the US Justice Department would be launching a criminal investigation probe into price manipulation.

The cryptocurrency market has lived under the shadow of regulation since its inception, but the latest development could force the market closer to regulation. 

The rest of the market seems to be fairing well against BTC, with Ethereum trading at $588. Ripple rose 4.79 percent to trade at $0.625, while Litecoin rose to trade at $122.

Why is bitcoin going down? 

Despite its positive results in the previous few weeks, bitcoin is taking a hit amid a price manipulation scandal. 

The US Justice Department suspects traders are now manipulating BTC prices, an illegal practice in regular markets.

The cryptocurrency world is regularly suspected of facilitating nefarious deeds, beginning its journey to popularity as…

[ad_2]

Article Source

Tags:
, , , , , , , , ,