Bitcoin Lost $2000 in 2 Hours

Huge price drop can be caused by the actions of the regulators of China and South Korea or aliens 
16 January 2018   2131

The bitcoin rate continues to drop. Over the past 24 hours, its price has fallen by 14%, and the most rapid drop was in the last hours. So, in just 2 hours the bitcoin rate dropped from $ 13,277 to $ 11,442, after which it rebounded slightly and returned to $ 12,000. The last time at these levels, the currency was traded in early December, but then its rate moved up against the approaching launch of futures on sites CME Group and CBOE.

Bitcoin Price Chart
Bitcoin Price Chart

Probably, the enthusiasm of traders was cooled by the actions of the regulators of China and South Korea, which recently focused their efforts on combating speculative trade and fraud.

It is worth noting that most of the coins lost a lot today.

Top Ten Coin Price Chart
Top Ten Coin Price Chart

One of the users of the Reddit forum suggested that the current collapse of the cryptocurrency is due to the fact that Chinese crypto investors are withdrawing assets to the Fiat in anticipation of the New Year celebration for the lunar calendar.

He draws attention to the fact that over the last four years, three weeks before the Chinese New Year, the crypto-currency market has experienced similar crash courses. In 2018, the Chinese New Year is celebrated on February 16.

There is also an alternative version, aliens included.

Cryptocurreny overall marketcap dropped to $ 0.6B.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.