Cryptocurrencies fell sharply in late Sunday trade as investors worried about tougher US regulations. Bitcoin dropped over 2% to $73,708, while ether fell 5% to $2,223. Both hit their lowest levels since August. Markets also got shaken by a $6 billion heist at Binance and recent US midterm election results.
SYDNEY, Nov 9 (Reuters) - Cryptocurrencies fell sharply in late Sunday trade, with bitcoin and ether touching their lowest levels for more than two months, as investors fretted a Democratic Party-controlled US Congress will toughen regulation on the asset class.
Bitcoin , the oldest and largest cryptocurrency by market capitalisation, fell by more than 2% to $73,708, the lowest price since August. Ether fell about 5% to $2,223, also the lowest since August.
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Crypto markets have been shaken in recent sessions by a $6 billion heist at Binance, the world's biggest exchange, and the election to office of high-profile critics in last week's US midterms.