//Bitcoin Drops Below $9K, Top Altcoins Down 16% On Global Regulatory News

Bitcoin Drops Below $9K, Top Altcoins Down 16% On Global Regulatory News



The top altcoin is trading at $686, down about 6 percent to press time. The market downturn is likely in part caused by the March 7 statement from the US Securities and Exchange Commission (SEC) that all cryptocurrency exchanges trading securities are required to register with the commission.

Source: Bitcoin Drops Below K, Top Altcoins Down 16% On Global Regulatory News