Bitcoin (BTC) has dropped more than 3% in a 24-hour period, while some altcoins have lost up to 30%.
Cryptocurrency investors in Turkey woke up to a red morning. Bitcoin around 07:00 CEST 26,400 from dollar levels 800 dollars while experiencing a decline to 30% in altcoins regressions were observed.
The biggest drops among the top 100 most valuable cryptocurrencies have been reported by the US Securities and Exchange Commission (SEC). Binance And coinbase in their cases as a security It was noteworthy that it was experienced in particular altcoins.
involved in SEC lawsuits Polygon (MATIC), Cardano (ADA), Solana (SOL), Chiliz (CHZ), Filecoin (FIL) And The Sandbox (SAND) with up to 25% experienced withdrawal the most falling among altcoins. However, Bitcoin Ethereum (ETH) And Ripple (XRP) remained more stable in this decline.
robinhood, in the case located in And purchase and sale giving the service ISLAND, MATIC And LEFT He had decided to delist.
What triggered the great fall?
The decline is largely due to the SEC of global trading companies. classified as securities It is thought to have happened when he disposed of altcoins.
It is also estimated that large-scale companies exhibit such movements and sell altcoins that the SEC considers securities. billion dollar trading company Jump Tradingand cryptocurrency market maker Cumberland MATIC their investments to the stock markets The fact that he started to send them also supports this situation.
According to a development that has recently fallen on the market and is claimed to be fake news, crypto trading platform Scimitar Capital is behind the big drop in Bitcoin and altcoins. $2 billion altcoin liquidation exists.
via a Twitter account allegedly belonging to the platform. in the announcement“our crypto assets liquidate And capital to our valued investors to return We made a strategic decision for expressions were used.
Bitcoin, at the time of writing, according to CoinGecko data at $25,680 is being traded.