Ethereum's price fell below $1,500 today as regulation fears have caught up with investors.
Companies such as Kraken and Paxos have been probed by the SEC, causing uncertainty in the market.
- According to industry researchers, factors such as global instability and the SEC's recent investigations have forced investors to take some of their funds out of the crypto market.
- As a result, Ethereum and Bitcoin, the benchmarks for the crypto industry, have both seen a decline in their price. Ethereum is currently at around $1,500, while Bitcoin fell to $21,400.
- According to estimates, Bitcoin could drop to $18,000 if the inflation rate in the U.S. proves to be higher than expected.
- The rate will be presented tomorrow in the CPI report.
