Bitcoin plunges below $13,500 as Hong Kong SFC regulates all cryptocurrency exchanges

From fxstreet.com

The Hong Kong Securities and Futures Commission, will regulate all cryptocurrency trading platforms. Bitcoin and Ethereum extended their bearish legs, sliding under $13,500 and $380, respectively. The cryptocurrency market took a turn downwards on Tuesday towards the end of the Asian session after the Securities and Futures Commission (SFC) in Hong Kong announced plans to regulate all trading platforms. Bitcoin dived under $13,500, while most of the major cryptoassets seemed to have followed in the footsteps. For instance, Ethereum crossed below the $380 mark, giving credence to a bearish narrative, eying $370. ... (full story)