Today's top cryptocurrency news includes the following:
1. Decline in prices of Bitcoin and other currencies:
Bitcoin saw a decline to around $60,000, while Ethereum fell to $3,387. This is due to the decline in trading volumes and increasing global economic concerns, which led to investor aversion to risk.
2. A lawsuit against Consensys:
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, a leading Ethereum infrastructure provider, over its MetaMask wallet services. This lawsuit comes as part of a series of regulatory actions against cryptocurrency companies.
3. Bitcoin options expiration:
About 107,000 Bitcoin options contracts, with a notional value of $6.6 billion, expired today, which could lead to additional market volatility.
4. Political and economic influences:
China's ongoing ban on cryptocurrencies and increasing uncertainty due to political situations, especially the Russian-Ukrainian war, are contributing to market volatility. However, some experts expect prices to stabilize and return to rise as economic and political conditions improve.