Another significant driver was the report from The Wall Street Journal that US regulators are investigating potential price manipulation at four major cryptocurrency exchanges: , Coinbase, itBit and Kraken. As these are big names in the industry, this caused the negative and cautious background in the market.
Following a major one-day dip, bitcoin is attempting to stabilize and refrain from further losses. The BTCUSD pair seems to find a bottom at $6,650 and could recover from here in the short term, though the impetus looks limited. Bitcoin looks rather attractive for buying now, but it still may go a bit lower should some more news from the US regulators come in the nearest future. So it’s early to call a bottom, but some players may decide to buy some coins at the current two-month lows.