Bitcoin drops affected by statements about cryptocurrency fraud

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The world’s highest-valued digital currency, “Bitcoin”, fell to its lowest levels during trading today, Tuesday, after the statements of Gary Gensler, a possible candidate to head the US Securities and Exchange Commission in President Joe Biden’s administration that the digital currency market is unable to ensure that its market is free from fraud and manipulation..

Bitcoin fell by 3% to trade at $ 47.341.

Gensler explained, during a Senate hearing on Tuesday, that the US Securities and Exchange Commission will face a challenge in removing cryptocurrency scams..

It is noteworthy that last week witnessed a sharp correction in the cryptocurrency market, as Bitcoin fell below the level of the market value of one trillion dollars, to currently reach $ 826 billion. Its level at all, before the correction process continued and decreased again, to trade below 45 thousand dollars.





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