All of the top 100 cryptocurrencies by market capitalization are in red for 24 hours until the time of this publication, while the total market capitalization has been reduced by around $ 20 billion in the same period, according to Coinmarketcap. Among the top 10 cryptocurrencies by market capitalization, IOTA (MIOTA) and EOS have suffered the biggest losses in the last 24 hours, according to Coinmarketcap. MIOTA fell 10 percent, trading at $ 1.50. EOS, which saw significant growth earlier this month, coinciding with the release of its EOSIO 1.0 software package, has not been spared today either, losing 8 percent during the 24-hour period. Now it is trading at $ 13.12. The sharp fall in the prices of cryptocurrencies comes as a result of the news that the Commodities Futures Trading Commission of the United States (CFTC) has requested commercial data from the Bitstamp, Coinbase, itBit and Kraken crypto bags. According to Coinmarketcap, these are respectively the 21st, 14th, 45th and 13th largest stock exchanges in the world by trade volume. Following the launch of the trading of Bitcoin futures by the CME Group in December 2017, the four crypto bags launched by the CFTC have provided price data for CME Group. The request of the CFTC is part of an investigation into whether there is any activity that takes place in these platforms that may constitute a manipulation of the price of cryptocurrencies. Bloomberg reported today that a South Korean cryptocurrency, Coinrail, is reviewing its systems after an alleged hacking attempt. According to reports, Coinrail said it managed to freeze affected NPXS, NPER and ATX currencies. However, this event is unlikely to have had a significant impact on market price action, with data from Coinmarketcap showing that Coinrail is the 99 largest cryptocurrency, with a trading volume of «only» around $ 2, 5 million.
In my opinion, the companies in charge of valuing or putting a real amount into this type of currency take on attributions that do not correspond to it in order to have their own benefits, since being a digital or virtual currency, their supply / demand is what it gives the fortress and when it is manipulated, there is a scam at global levels, against a market that tries to become the main one, the digital market, it is so for obvious reasons that the authorities of the CFTC (Commodity Futures Trading Commission) are investigated so that financial systems are normalized and do not speculate about a lie like the manipulated value that was imposed on cryptocurrencies. Among the reasons that have aroused the fear of the authorities about market manipulation, the skepticism that all exchange houses and stock exchanges monitor the correct manipulators, in addition to the «huge» impulses of the prices and the absence of a clear regulation for these assets. Thus, research on these authorities is the best decision to normalize digital international trade.