On Sunday, June 10, the price of bitcoin in a matter of hours collapsed by almost -10.91%. Some analysts attribute this to the fact that on the eve of the US Futures Trading Commission (CFTC) demanded from Coinbase, Kraken, Bitstamp and itBit to provide data on trading after the launch of bitcoin futures.
So, at the time of writing, the price of bitcoin collapsed by -10.91%, while the altcoins suffered more: Ethereum -by -11.95%; EOS by 13.80%; IOTA by -15.85%.
It is worth noting that the Wall Street Journal wrote about CFTC actions against leading cryptocurrency companies on the evening of June 8 (at 21:20 UTC). So, it is not entirely clear whether this event has a direct impact on today’s market collapse, since the news went on for 24 hours after the publication of the news.
The network also suggested that the breaking of the South Korean exchange CoinRail is the reason for such a sharp fall.
Nevertheless, it occupies the 90th place in terms of trading volume ($2.6 million), according to the analytical resource CoinMarketCap. It is noteworthy that almost half of the trades are in the pair NPSX / BTC. It was the coin of Pundi X that was the object of a hacker attack.
Earlier, it became known about a joint investigation by the US Department of Justice and the CFTC in order to identify illegal practices that could be used to manipulate the courses of the Cryptocurrency.
Let’s add, analyst Fundstrat Robert Slammer is convinced that bitcoin is trying to find the bottom, after which the downtrend will be broken.