Newsflash: Bitcoin price Dives beneath $7,900 after the big apple Opens Probe into Exchanges,
Bitcoin rate dove beneath $7,900 on Tuesday after the ny lawyer widespread’s office announced that it had opened an inquiry into the cryptocurrency change industry.
img sorce
The flagship cryptocurrency had traded above $8,000 for most of the day, with many analysts arguing it would embark on a bull run now that tax season is coming to a close in the US.
![](https://steemitimages.com/640x0/https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/04/bitcoin-price-april17-1.png)
"BTC price Chart"
But, on Tuesday afternoon the Bitcoin fee took an unexpected flip, plunging from $8,090 to $7,855 in a count of minutes on Bitfinex. At present, Bitcoin is buying and selling at $7,877, which translates right into a $134.2 billion market cap.
img sorce
The drop accompanied the declaration that the new york legal professional widespread’s workplace had opened an inquiry into the operations of 13 cryptocurrency exchanges — a few placed in new york, some now not. while it is uncertain if the probe will result in any enforcement movement, lawyer widespread Eric Schneiderman has a reputation as an activist legitimate and could are seeking to make a declaration.
• Submitted header created by myself.
"Make sure you do not miss next coming up important news about cryptocurrencies! On my news channel"
You got a 0.77% upvote from @emperorofnaps courtesy of @saqib143!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!