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Cryptocurrencies Forfeit Weekly Gain as Regulator Orders Changes via @bloomberg

As reported by Bloomberg, “Bitcoin dropped the most in more than a week and led digital coins lower after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. “The crackdown surprised investors, ending what was about to be the first winning week since early June for the most-liquid tokens. The […]

By Chris Sykora · June 22, 2018
Cryptocurrencies Forfeit Weekly Gain as Regulator Orders Changes via @bloomberg

As reported by Bloomberg, “Bitcoin dropped the most in more than a week and led digital coins lower after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders.

“The crackdown surprised investors, ending what was about to be the first winning week since early June for the most-liquid tokens. The MVIS CryptoCompare Digital Assets 10 Index tumbled as much as 7.1 percent on Friday. The gauge fell in five of the past six weeks.”

Continue to read the full story at Bloomberg.