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Bitcoin Falls Lowest in Month, Oversight Fear Expected
October 24, 2017
This Tuesday, Bitcoin fell by as much 8.4%, the highest in the month so far, to $5,109. According to a report, this has to do with the recent highlighting of the fact that the virtual “tokens” used in initial Bitcoin offerings can come under the radar of the US Commodity Futures Trading Commission (CFTC). It was published in a primer on the asset class yesterday and did not sit well by the market which is known to have an aversion to authoritative scrutiny.
