Bitcoin price: Why is BTC falling? Is 'Tokyo Whale’ behind slide? Can bull market return?

Bitcoin price: Why is BTC falling? Is 'Tokyo Whale’ behind slide? Can bull market return?

BITCOIN tanked in value today, falling below £9,000 with 5.77 percent being wiped off its value in 24 hours. But why is BTC falling? Can the bull market return now the ‘Tokyo Whale’ has stopped selling?

Despite a strong start to the week - including a rise to $9,937 at 10.19am - bitcoin plunged in value this afternoon, shedding nine percent of its price to fall to $8,956 at 8.14pm.

Bitcoin’s turbulence follows a unnerving few days last week after the Securities and Exchange Commission’s (SEC) vow to regulate cryptocurrencies.

Bitcoin slumped to $8,513 after the SEC warned on Wednesday of “potentially unlawful” systems that trade cryptocurrencies.

Investors also reacted angrily to a sell-off of crypto assets by a Japanese bitcoin holder which they believe impacted negatively on the digital currency’s value.

Original link
https://www.express.co.uk/finance/city/930847/Bitcoin-price-BTC-falling-Tokyo-whale-price-slide-bull-market-return