Bitcoin’s recent rise above its 50-day moving average proved short-lived. After crossing that mark at the start of the week, the digital coin has declined for the past two days, falling below $10,000 in U.S. trading Wednesday after the Securities and Exchange Commission reiterated that many online trading platforms for digital assets should register with the agency as exchanges. Adding to concern was speculation that the Binance exchange had been hacked.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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