Bitcoin undercut $9,000 on Friday, capping yet another week during which the cryptocurrency's price was pulled lower by pressure from regulators and security concerns.
Ethereum fell 0.9%. Bitcoin Cash retreated 3.7%, while Litecoin gained 4.7%.
On Wednesday, the Securities and Exchange Commission said in a statement that a number of online platforms used to trade digital assets "provide a mechanism for trading assets that meet the definition of a 'security' under the federal securities laws," which would require them to register with the SEC.
That statement also offered a long, bulleted list of questions investors should ask before trading digital assets on an online trading platform. Last week, the Wall Street Journal reported that the SEC had subpoenaed a number of companies involved in the cryptocurrency market, demanding information about initial coin offerings.
Also Wednesday, the bankruptcy trustee for Mt. Gox, once a massive Bitcoin exchange that is no longer active, said he'd sold about $400 million in Bitcoin and Bitcoin Cash over the past several months.
Cryptocurrencies this week were also hurt by rumors that Binance, a large exchange based in Hong Kong, had been hacked.
Over a series of tweets on Wednesday, Binance CEO Changpeng Zhao said that "all funds are safe" and that it had "reversed all irregular trades."
"Interestingly, the hackers lost coins during this attempt," he added. He also advised users to learn to protect their accounts against phishing scams.
Elsewhere in the cryptocurrency and blockchain world, Overstock.com (OSTK) fell 3.1% in the stock market today. Riot Blockchain (RIOT) lost 3.45%, while Marathon Patent Group (MARA) retreated 9.4%. Long Blockchain (LBCC) was off 2.5%. Bitcoin Investment Trust (GBTC) sank 5.1%.
Overstock last week disclosed that it was being investigated by the SEC, and that the agency had asked it to "voluntarily provide certain documents" related to the initial coin offering of tZero, Overstock's blockchain-based trading platform.
The company added that "the investigation does not mean that the SEC has concluded that anyone has violated the law."
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