Why Crypto market is down today? Read here
But reports are coming through many sources that U.S. officials are looking into whether Binance or its staff profited from taking advantage of its users.
New Delhi: The largest cryptocurrency Bitcoin is currently down by 4.5% over the past 24 hours and has been trading around $45,463. Bitcoin touched its all-time high mark of $64,000 in April. Other popular coins like Dogecoin, XRP, and Cardano also dropped in value along with the world’s most famous coin.
As we all know the nature of the crypto market is very volatile where you can see large swings or a sudden fall with no notice, thus people find it very risky to invest in this space. An upward trend can work wonders for you if you have invested in the right coin and a downswing can leave you with less amount of money than you invested.
Ether is at $3,120 with a change of -9.36% over the last 24 hours
Cardano is at $2.1 with a change of -10% over the last 24 hours
Binance Coin is at $384 with a change of -6.7% over the last 24 hours
XRP is at 0.9602 with a change of -11% over the last 24 hours
Solana is at 140 with a change of -13% over the last 24 hours
Why the crypto market is down?
The Crypto market has already suffered series of blows apart from its regular volatility and it is difficult to mark a common problem that can state that why markets are down today.
But reports are coming through many sources that U.S. officials are looking into whether Binance or its staff profited from taking advantage of its users. The review will involve Commodity Futures Trading Commission investigators which will reach out to potential witnesses in the recent weeks.