Cryptocurrency is falling in price

When it became known that the cryptocurrency market is planned to be regulated, the Cryptocurrencies began to massively lose their capitalization and fall in price. Bitcoin fell by 11.42% over the day, falling to 10,446 dollars. This is evidenced by the data of the CoinMarketCap site on Tuesday 23 January. Other cryptocurrencies also fall: Ethereum - by 10.75%, to 958.1 dollars, Ripple - by 9.76%, to $ 1.26, Bitcoin Cash - by 12.82%, to $ 1.55 thousand.

The chief economist of the International Monetary Fund, Maurice Obstfeld, said that state regulators around the world should closely monitor the development situation of the cryptocurrency, in order, on the one hand, to profit from it, and on the other, to prevent risks. Such news could not have a good effect on the market of cryptocurrency, which began a rapid decline.

Not so long ago, South Korean media reported that some cryptocurrency exchanges may be forced to pay tax at a rate of 24.2% of revenue for the previous year, and they will have to transfer data on subsequent transactions.

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We recently told how Bitcoin suddenly took off and how he came to crash.