Bitcoin drops below $10K following SEC warning and Binance hack rumors

Bitcoin is having a moment — just not the kind its boosters hoped for. 

The cryptocurrency once again dropped below $10,000 today, and the timing of the latest dip has some faithful hodlers concerned. Specifically, the apparent sell-off came shortly on the heels of a Securities and Exchange Commission announcement warning about "potentially unlawful online platforms for trading digital assets." 

Oh, and the rumors of a major cryptocurrency exchange getting hacked didn't help things either.   

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But first, the SEC. While it's impossible to say if the statement contributed to the price dip, it's not the most out-there conclusion to draw. After all, the SEC threw direct shade at the very exchanges people use to buy and sell their cryptocurrency.  Read more...

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