In several countries this week, they started talking about the need to strengthen control over the cryptosphere. As a result, pressure on the industry began to intensify again, which led to an outflow of capital from digital currencies.
The day before, bitcoin tried to approach $45,000. On the Bitstamp exchange, BTC jumped to $44,738. However, today the largest cryptocurrency has fallen to $41,865. Overnight, its capitalization decreased by 2.6% to $824.822 billion.
Altcoins are also retreating. Ether (ETH) and Binance Coin (BNB) fell to $2,981 and $412, respectively.
Solana (SOL) was the most affected, with the price of this altcoin falling by more than 5% to $98.5. Cardano (ADA), XRP, and Avalanche (AVAX) lost more than 2% in value and fell to $1.06, $0.811, and $92.4. The capitalization of the crypto market has decreased to $1.95 trillion.
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Finances are leaving the cryptosphere due to investors' fears that the regulation of the industry will be strict.
Of particular concern to traders is the report of the Financial Stability Board (FSB), which can become a guide for regulators in many countries. It states that threats come from all kinds of digital assets, including stablecoins.
The authors of the study note that no one controls operations with cryptocurrencies, which increases the risks of criminal use of such tools.
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The FSB is concerned that many investors have not fully understood where they are investing. In conditions of volatility, at any moment they can lose their money.