All major cryptocurrency coins have tumbled in price in the last 24 hours amid rumors the bitcoin price was manipulated by major exchange Bitfinex. According to CoinMarketCap, the total market capitalization of all cryptocurrencies fell by $112.6 billion from the day before. Bitcoin has dropped below $9,000 as traders rushed to sell. Other major coins including Ethereum and Ripple also lost serious value in the last 24 hours of trading. The massive falls have been linked to several overlapping sources.
Tighter cryptocurrency regulation imminent
The cryptocurrency world has been gripped by rumors from major trading countries that a ban on cryptocurrency trading platforms will be enforced. Chinese, South Korean, and Indian governments have all expressed ideas about a future ban on trading and other regulations.
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