March 9, 2018
Bitcoin fell below $9,000 during Friday afternoon Asia trade, extending losses seen earlier in the week when it dropped below the key $10,000 level.
The digital currency traded at $8,671.67 at 12:37 p.m. HK/SIN after touching as low as $8,587.05 earlier in the day, according to industry site CoinDesk.
At its current levels, bitcoin has declined around 24 percent for the week.
The cryptocurrency came under pressure earlier in the week after the U.S. Securities and Exchange Commission said exchanges that offer trading of “digital assets that are securities” would have to register with the agency.
That statement on Wednesday came after weeks of subpoenas from the SEC in its attempt to establish better control over the many trading platforms and exchanges.
This article was posted: Friday, March 9, 2018 at 7:30 am