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The crypto market has fallen sharply in recent hours. The total of 30 crypto-currencies in the red is almost total. Bitcoin (BTC), the largest market for cryptoactivity, has lost about 5% of its value in the last hour. The sudden drop came after the Attorney General of New York filed a lawsuit against Bitfinex and Tether
The BTC increased from $ 5,452 to $ 5,195 at the time of writing. In the Live Coin Watch data, the BTC loss of value can be corroborated, which also results in a decrease of 4.22% over the last 24 hours and 1.23% over the last 7 hours. last days.
5% of the price of the BTC occurred shortly after knowledge of the charges against Bitfinex and Tether. Image Live Coin Watch
Of the 30 largest crypto-currencies, only two display green numbers in the last hour . USD Coin and Crypto.com Chain, with growth below 1%. Among these first 30 crypto-currencies, the most important decline was that of the Basic Attention Token (BAT): -5.45%. The ERC-20 token has a current value of USD 0.3865.
This general collapse of the cryptography market coincides with the demand issued by the New York Public Prosecutor's Office against the foreign exchange company Bitfinex and its affiliate, Tether. The Attorney General, Letitia James, accuses these companies of trading securities in New York without authorization and of using client funds to cover losses.
Although, by 2018, Bitfinex itself has badured that it would no longer serve merchants based in New York or in other cities of the United States, the lawsuit says that there are reasons to believe that several merchants of the city and others on US territory operate on the platform criptobolsa.
News and the fall of the market have not, for the moment, affected Tether's stable currency (USDT). This crypto badet is maintained as the most capitalized anchor currency and its anchor has not fallen despite the controversy.
Image selected by corlaffra / stock.adobe.com
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