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.   

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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Source: Mashable | Bitcoin drops below K following SEC warning and Binance hack rumors