The price of Bitcoin (BTC) dropped to $ 9,539 on Friday, March 9, according to data from CoinMarketCap. At the time of the press, Bitcoin is trading at an average of $ 8,809, down 9 percent on the day.

<img alt=" Bitcoin Chart "src =" https://lh4.googleusercontent.com/hdX-4SQ2_eb8uPeaJeN0HmOythxQ9gF2OrXsL7pbtA3G26lc0aAhnlCNXlPhMiWgenRkLIS1aB9N0BUX88dHjYJuPgPnplzW- aGs7HBK_ESRsoXVmnaIwaN6cwT1hsoKjU8n92xB "title =" Graph Bitcoin prices "/>

After reaching At a weekly high of $ 11,675 on March 5th, Bitcoin has begun to fall, losing nearly 27% from today 's lows losses across the cryptocurrencies, the losses of today. # 39; hui of the 10-altcoins on CoinMarketCap reached up & # 39; to 16 percent

<img alt=" Chart "src =" https://lh3.googleusercontent.com/cBIJzGXwqSYOJxeu2_CnjqlV_4oCSeRWKt96ybblfAbzUq2Kt3R1J60GFhGP8Bz4fSAnCZWYggRcYoeyJxI7wcauf-vnCojqObWAjUUy96QFTuMF7BoDvXhMD_HOlsSL0s9Oc-. 6v "title =" Chart "/>

Source of the picture: coin360.io

Total market capitalization for all p tocurrencies hit a monthly low of $ 344 billion today, currently at $ 358 billion.

<img alt=" Total Market Capitalization "src =" https://lh4.googleusercontent.com/hsv6qHxHy1vuNrsW_eXenbWKYxH3G8W16hDLHY_lzh3ikdt_ugea-y1xZAYWOvxbptzehSlTERjnAOJrr_-QViPD0ub7YpYAIhs_NdhQiQsOlhobu94PJOoe5icc4DonvHT8qhVd "title =" Total market capitalization "/>

Among the The first ten altcoins in the red, NEO lost about 34% of its value in a week.It's worth $ 130 on March 2nd, NEO is currently trading around $ 86.

Ethereum ( ETH) also hit a new monthly low for the first time since February 6. The market downturn is likely due in part to the March 7 statement of the US Securities and Exchange Commission (SEC). States that all Cryptocurrency trading securities must be registered with the Securities and Exchange Commission.

Pressure on the cryptocurrency market has also been increased by the "Punishment Notices & # 39; for 7 cryptocurrency exchanges issued by the FSA on March 8th.

As reported by Cointelegraph On March 8, several reports concluded that the current cryptocurrency slowdown since late December is the result of a $ 400 million sale between December and February by the US. attorney and trustee in bankruptcy of Mt.Gox, formerly the largest angel in the world, before going bankrupt in 2014, as a result of major hacking.