Bitcoin Is Tumbling Because Regulators Are Paying Attention

Dan Kitwood/Getty Images Few assets are more symbolic of the speculative fervor that has gripped the market than Bitcoin. And right now, few assets are falling faster. Bitcoin traded under $33,000 Monday morning after nearly hitting $42,000 on Friday, a drop of around 20%. With cryptos, it can be hard to figure out why they rise or fall. Not this time. The U.K. Financial Conduct Authority called crypto investments high risk and speculative, and reminded firms to tell investors they should be “prepared to lose all their money.” Still, the speculative nature of Bitcoin isn’t news to some crypto […]

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