Price Bitcoin(BTC) firmly down because of American stock market watchdog

The price of the digital currency bitcoin dropped sharply to below 10,000 dollars on Wednesday after the American stock market watchdog Securities and Exchange Commission (SEC) repeatedly wanted to regulate the trade in cryptocurrencies more strictly.

The bitcoin lost up to 13 percent of value and now stands at $ 9754.

The SEC once again stated that trading platforms for cryptocurrencies should be registered with the regulator. This sparked the fear of investors in digital coins for strict rules. This fear caused the price of the bitcoin to have been halved since the peak of nearly 20,000 dollars in December.

Many major trading platforms for digital coins do not yet have a registration with the SEC. According to the regulator, many platforms pretend that they are.