Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges by ausharya

bitcoin · @ausharya · Apr 18 '18

$0.03

Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges

CCN

Josiah Wilmoth in Bitcoin Price NewsNews
Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges
Bitcoin price

Bitcoin price dove below $7,900 on Tuesday after the New York Attorney General’s office announced that it had opened an inquiry into the cryptocurrency exchange industry.

The flagship cryptocurrency had traded above $8,000 for most of the day, with many analysts arguing it would embark on a bull run now that tax season is coming to a close in the US.


BTC Price Chart
However, on Tuesday afternoon the Bitcoin price took an unexpected turn, plunging from $8,090 to $7,855 in a matter of minutes on Bitfinex. At present, Bitcoin is trading at $7,877, which translates into a $134.2 billion market cap.

The drop followed the announcement that the New York Attorney General’s office had opened an inquiry into the operations of 13 cryptocurrency exchanges — some located in New York, some not. While it is unclear if the probe will result in any enforcement action, Attorney General Eric Schneiderman has a reputation as an activist official and could seek to make a statement.@ausharya![Bitcoin-price-fall-768x432.jpg](https://steemitimages.com/DQmZGfeuKWcktq5ErB1bYFzxzptVHKofjbqyrQt88Ljurep/Bitcoin-price-fall-768x432.jpg)![bitcoin-price-april17-1.png](https://steemitimages.com/DQmZwDU5cAr3LKccGoHqNV4XiTR7g26dz49QhrPPyQpAntY/bitcoin-price-april17-1.png)

👍 worldclassplayer, cheetah, larafisun, aarroni

`post_id`	44,132,895
`author`	ausharya
`permlink`	newsflash-bitcoin-price-dives-below-usd7-900-after-new-york-opens-probe-into-exchanges
`category`	bitcoin
`json_metadata`	"{"app": "steemit/0.1", "format": "markdown", "image": ["https://steemitimages.com/DQmZGfeuKWcktq5ErB1bYFzxzptVHKofjbqyrQt88Ljurep/Bitcoin-price-fall-768x432.jpg"], "users": ["ausharya"], "tags": ["bitcoin"]}"
`created`	2018-04-18 03:32:27
`last_update`	2018-04-18 03:32:27
`depth`	0
`children`	1
`net_rshares`	5,789,545,587
`last_payout`	2018-04-25 03:32:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.027 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	1,407
`author_reputation`	87,096,358,995
`root_title`	"Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (4)

voter	rshares	pct
cheetah	2,100,577,927	0.08%
worldclassplayer	3,450,722,386	1%
aarroni	57,817,667	100%
larafisun	180,427,607	100%

`post_id`	44,132,961
`author`	cheetah
`permlink`	cheetah-re-ausharyanewsflash-bitcoin-price-dives-below-usd7-900-after-new-york-opens-probe-into-exchanges
`category`	bitcoin
`json_metadata`	{}
`created`	2018-04-18 03:32:57
`last_update`	2018-04-18 03:32:57
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-04-25 03:32:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	192
`author_reputation`	750,854,098,279,735
`root_title`	"Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000