The digital currency, Bitcoin, again weakened in today's trading. The 20 largest digital currencies by market capitalization, all decline.
According to the CoinDesk bitcoin price index, which tracks prices of digital currency exchange Bitstamp, Coinbase, itBit and Bitfinex, Bitcoin prices are down 12% near USD9.817.
The reason, Bitfinex demanded by the US Commodity Futures Trading Commission last week. The total crypto market share, including bitcoin, has declined in the past seven days
According to CoinMarketCap, Etereum, the second-largest digital currency by market, trades down about 9% near USD1.073. Cryptocurrency's third largest, Cripple, fell nearly 10% to USD1.19.
Stellar, dropping from sixth to eighth in market share and becoming one of the biggest declines. Stellar traded 17% lower to around 49 cents, according to CoinMarketCap.
The South Korean Financial Services Commission said no new measures, such as a ban on anonymous trading accounts, have been implemented. The US Securities and Exchange Commission also announced that they obtained a court order, to freeze assets from an initial coin offering that claims to have collected $ 600 million.
US Treasury Secretary Steven Mnuchin said in a speech to the Senate Banking, Housing and Urban Affairs Senate Committee that the Treasury wants to ensure that the crypto currency is not used by money laundering.
Benjamin Roberts, co-founder and CEO of Citizen Hex, a startup focused on ethereum and supported by three Canadian funds, shows a sell-off because of the uncertainty of bitcoin's ability to improve transaction efficiency and future ethereum development. Roberts expects ethereum to be the dominant crypto of the year.
Currently, Bitcoin has a market share of approximately USD170 billion and is down about 28% this month, while ethereum is up about 42%. Currently, ethereum has a market share of approximately USD104 billion.