With the recent developments, Bitcoin (BTC) and altcoins have fallen by more than 4% in the last 24 hours.
With many news from the USA, serious decreases occurred in Bitcoin and altcoins. Bitcoin has lost 4% in the last 24-hour period. $21,785 While regressing, many altcoins also saw big decreases. Ethereum (ETH) down 5.8% 1.538, Binance Coin (BNB) down 4.5% 306.7Ripple (XRP) down 2.5% 0.384Cardano (ISLAND) down 6.5% 0.361Dogecoin (DOGE) down 7.3% 0.0818, polygon (MATIC) down 4.3% 1.28 and OCD (OCD) 7.9% in decline $39.28traded from.
What Triggered the Fall?
The first allegations that started the decline were recently made by Coinbase CEO Brain Armstrong, and it was stated that the thought of banning the US staking service would have bad consequences for cryptocurrencies.
Especially Ethereum (ETH) came to the fore with its possible decisions regarding the staking service. U.S. Securities and Exchange Commission (SEC) And Internal Revenue Service (IRS) on the market fear of the atmosphere While the Kraken decision that followed triggered the decline. As a result, Kraken has decided to terminate its staking services as a result of its agreement with the SEC due to the “securities” violation and $30 million fine agreed to pay.
With this IRSagainst crypto exchange Kraken and its affiliates “user information and tax obligations” His request for permission from the court to enforce his call triggered a sell-off move in the market.
Finally, one of the largest stablecoin issuers in the cryptocurrency market Paxos‘Fame New York Department of Financial Services (NYDFS) to be investigated by The decline may deepen started to think.