Сrypto-currency prices are falling. Tighter regulation hampered the recovery of the market.

Prices for major crypto-currencies, including Bitcoin, declined from the beginning of trading on Tuesday, after new tougher measures of the use of crypto currency in South Korea. The government of South Korea has forbidden officials of the country to own a crypto-currency with the threat of disciplinary sanctions. Also, the market was pressured by the lawsuits against the Coinbase exchange. One of the lawsuits filed concerns insider trading. In turn, these actions of regulatory bodies should be regarded as measures to protect investors, as insider trading on the market mainly leads to an unjustified change in the price of the crypto currency.

It is also worth noting that the most popular crypto-exchanges, such as Binance, Bitfinex and Kraken, announced a decrease in the commission for Bitcoin withdrawal almost twofold, which could further increase investors’ interest in crypto-currencies.

Technical analysis: During today’s trading, Bitcoin’s price moves in a narrow range in anticipation of a new wave of demand for crypto currency. The main support levels, from which it is worth considering buying Bitcoin, are $ 10,700.00, $ 10,400.00, $ 10,000.00.

Alexander Sivtsov