The cryptocurrency once again dropped below $10,000 today, and the timing of the latest dip has some faithful hodlers concerned. Specifically, the apparent sell-off came shortly on the heels of a Securities and Exchange Commission announcement warning about potentially unlawful online platforms for trading digital assets.
But first, the SEC. While it's impossible to say if the statement contributed to the price dip, it's not the most out-there conclusion to draw. After all, the SEC threw direct shade at the very exchanges people use to buy and sell their cryptocurrency.