RATE Group | Cryptocurrency market update: Bitcoin tumbles to $9,300
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Cryptocurrency market update: Bitcoin tumbles to $9,300

29 Jul Cryptocurrency market update: Bitcoin tumbles to $9,300

Posted at 19:29h in Ethereum News by

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  • Cryptocurrencies suffered acute declines on Sunday before finding credible support.
  • US Senate committee to hold hearings on the framework cryptocurrency regulations.

The cryptocurrency market is largely in the red on the first day of the week’s trading. Bears ravaged thought key support levels with most digital currencies unable to find balance on Sunday. The correction from the highs posted on Saturday is having the majority of investor question if the market is manipulated. However, one apparent thing is that volatility is extremely high at the moment.

As reported by FXStreet, the US Senate Committee On Banking, Housing, And Urban Affairs is expected to hold hearing starting tomorrow to discuss the regulation from for digital assets. The hearings comes a couple of weeks after holding hearings for Facebook’s Libra crypto project. We will keep our readers update on the events of the hearings.

Bitcoin market update

Bitcoin flash dropped from highs above…

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