Bitcoin, Ether, other crypto fall as SEC waves big stick


Bitcoin fell in Tuesday morning trading in Asia, but held above the US$29,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies dipped amid concern the regulatory crackdown by the U.S. Securities and Exchange Commission (SEC) is spreading after it sued crypto exchange Bittrex on Monday. Despite the concern, Dogecoin, Polkadot and Litecoin gained. U.S. equity futures traded flat in Asia after Wall Street moved higher on Monday. China’s GDP for the first quarter out Tuesday beat expectations with growth of 4.5% on year, compared with forecasts for a 4% gain, but stock markets in the region showed little response. 

See related article: US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ

Fast facts

  • Bitcoin fell 1.61% to US$29,376 in the 24 hours to 09:00 a.m. in Hong Kong, posting a loss of 1.84% over the past seven days, according to CoinMarketCap data
  • Ether dipped 0.38% to US$2,074, but is up 8% on the week following a run of buying related to the Ethereum blockchain upgrade last Wednesday to enable the withdrawal of staked…

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