Tuesday 6 February 2018

Why Bitcoin Price has going down today

Bitcoin's rapid tumble from December records comes amid a slew of negative headlines pushing back against cryptocurrencies' advancement into established financial markets.

In the latest blow, J.P. Morgan Chase, Bank of America and Citigroup said Friday that they decided not to allow customers to buy cryptocurrencies with the companies' credit cards.


That followed reports last week that increased worries about potential price manipulation at Bitfinex, one of the largest cryptocurrency exchanges in the world. The Commodity Futures Trading Commission on Dec. 6 subpoenaed Bitfinex and a digital coin company called Tether, run by many of the same people as the exchange.


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