Bitcoin briefly drops to $ 40,000

Bitcoin extends its decline to a third day, briefly losing $ 40,000 for the first time since August 2021, amid a wave of regulatory criticism and cautious sentiment in world markets.

On September 22nd at 9:15 a.m. (Vietnam time), Bitcoin is 41,000 USDafter temporarily falling to 3.2%. Other cryptocurrencies like Ethereum, Solana and Litecoin are also in the red.

Concerns about the Evergrande debt crisis and expectations for the upcoming Fed meeting are among the factors worrying investors.

“Bitcoin Must Recover MA200 at 46,000” USD and accumulate before going back up, ”said Antoni Trenchev, co-founder of cryptocurrency lending company Nexo.

21, US Securities and Exchange Commission chairman Gary Gensler said previous cases of banks and other companies offering their own currency have failed.

Gensler emphasized that the SEC’s securities regulations give the SEC great authority over digital currencies. He also said that there is currently a loophole in the oversight of digital currencies and Congress can enact regulations to address that loophole, such as regulating digital currency exchange.

While, SEK Previously high hopes in the world of digital currencies but now warned that the industry is at risk of replicating the malevolent behavior before the 2008 financial crisis.

Michael Hsu, acting director of the Office of the Comptroller of the Currency, believes that digital currencies and the decentralized financial sector can threaten the financial system just as derivative products threatened the financial system 10 years ago.

Vu Hao (according to Bloomberg)