• About us
  • Contact Us
Wednesday, July 16, 2025
No Result
View All Result
The World Monitor
  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto
  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto
No Result
View All Result
The World Monitor
No Result
View All Result
Home Crypto

Crypto Markets Slump as Crackdown Worries Investors

June 10, 2023
Crypto Markets Slump as Crackdown Worries Investors
Share on FacebookShare on TwitterShare on Whatsapp

Bitcoin and several smaller digital coins experienced significant price declines on Saturday as the cryptocurrency market reacted to the Securities and Exchange Commission’s (SEC) regulatory crackdown on cryptocurrency exchanges.

Bitcoin, the largest cryptocurrency, saw a notable drop to $25,501, approaching its lowest levels since March which were recorded earlier in the week.

At present, the Bitcoin price is down 3.2% compared to 24 hours earlier, trading at approximately $25,613. Meanwhile, smaller tokens, including Solana, Cardano, and Dogecoin, plummeted to levels not seen since 2003 or worse.

The SEC’s actions began on Monday with the filing of 13 charges against Binance, the world’s largest cryptocurrency exchange, and its co-founder Changpeng Zhao.

The charges allege securities violations and operating illegally in the United States.

Following this, on Tuesday, the SEC turned its attention to Coinbase, a major U.S. cryptocurrency platform, accusing it of operating as an unregistered securities exchange.

The regulatory crackdown by the SEC has created a sense of uncertainty and unease within the cryptocurrency market, leading to the sell-off of digital assets such as Bitcoin and various smaller tokens.

Market participants are closely monitoring the situation and its potential impact on the future of cryptocurrency exchanges and the broader crypto industry.

Tags: BitcoinCrypto
Next Post
How Will WhatsApp Enhance User Interface?

How Will WhatsApp Enhance User Interface?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Zoom Launches New App for Apple TV

2 years ago
Putin: Russia Supports Independent Palestine

Putin: Russia Supports Independent Palestine

2 years ago

Popular News

  • 1 Million Palestinians Detained Since 1967

    1 Million Palestinians Detained Since 1967

  • Report: 1 Woman Killed Weekly in Algeria

  • Palestine Accuses Netanyahu of Undermining Peace in Gaza

  • Saudi Arabia Appoints New Members to Senior Scholars & Shura Councils

  • Poverty Rate in Italy Hits New High

Follow us

"Connecting the World to the Heartbeat of Middle East and Africa – Your Trusted Source for News and Insights."

  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto

ABOUT US

CONTACT US

Privacy Policy

  • About us
  • Contact Us

© 2023 THE WORLD MONITOR

No Result
View All Result
  • Home
  • Africa
  • World
  • Economy
  • Climate
  • Sports
  • Crypto
  • Technology

© 2023 THE WORLD MONITOR