Bitcoin drops below $10K following SEC warning and Binance hack rumors

bitcion a cryptocurrency wich was always at the hope of getting at the top again droped dwon to below 10K and the timing of the latest dip has some affectionate hodlers attentive. Specifically, the apparent sell-off came shortly on the heels of a Securities and Exchange Commission announcement warning about "potentially unlawful online platforms for trading digital assets."
But first, the SEC. While it's impossible to say if the statement contributed to the price dip, it's not the most out-there conclusion to draw. After all, the SEC threw direct shade at the very exchanges people use to buy and sell their cryptocurrency.
"[Many] of these platforms give the impression that they perform exchange-like functions by offering order books with updated bid and ask pricing and data about executions on the system," noted the SEC, "but there is no reason to believe that such information has the same integrity as that provided by national securities exchanges."
In other words, the exchanges could very well be putting out bullshit in place of market data — a possibility frightening enough to stop even the most bullish investor in his or her tracks.

At the same time, users of the exchange Binance are taking to Reddit to complain that their altcoins were mysteriously sold en masse for bitcoin without their authorization.

"WTF is happening," asked one such user. "Binance just sold all my alts at market rate and I have got just the Bitcoin now."