The cryptocurrency market has seen a significant correction. This is due to reports that the US Treasury Department may soon accuse a number of financial institutions of using digital assets for money laundering.
US Treasury Department will reach Cryptocurrency Market?
The popular Twitter account, FXHedge, was the first to publish rumors that the US Treasury Department would soon hit the cryptocurrency market.
US TAX TO CHARGE MORE FINANCIAL INSTITUTIONS FOR MONEY WHITE USING SOURCES OF CRYPTOCURRENCIES
– FXHedge (@Fxhedgers) April 18, 2021
A few minutes after the tweet was published, the cryptocurrency market began to correct quite deeply. Bitcoin alone fell from about $ 59,000 to $ 52,800. Ether, on the other hand, fell from about $ 2,260 to $ 1,970 and Binance Coin from about $ 501 to $ 440.
However, are FXHedge’s reports true? Or maybe someone just wanted to panic in the market to correct the prices in the chart?
Recall that the US Treasury Department has previously accused individuals of using cryptocurrency assets for money laundering. In March 2020, the agency punished two Chinese citizens and accused them of laundering stolen cryptocurrency on behalf of Lazarus, a group that the FBI described as a state-sponsored North Korean hacking organization.
Earlier, US Treasury Secretary Janet Yellen did not speak very positively about BTC and other cryptocurrencies.
– It is a very speculative asset. And you know, I think people should be careful that it can be very unstable. I’m worried about potential losses for investors – She said.
Already revised?
As you type these words, you have to pay around $ 57,000 for 1 BTC, which is a 5% reduction. on a 7-day scale and 8.41 percent. on a 24-hour scale.
The worst can also be Ethereum behind it. 1 ETH costs $ 2232, or 10 percent. less than yesterday, but still 4.5 percent. more than a week ago.
Current Bitcoin exchange rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the bitcoin.pl website. A place where you can buy BTC and more coin, includes cryptocurrency exchange Top 250. If you do not have a Binance account yet, you will learn from this article how to effectively create one: Binance.
