The downtrend has resumed in the cryptocurrency market. Experts suppose that sales will continue for quite long time. The reason behind the decline in digital assets its tighter control over the cryptomarket in several countries. The United States has started criminal investigations into bitcoin rate manipulations. Canada also brings to light fraudsters who sell tokens illegally. Today, bitcoin is trading at $7,200 a piece after losing around $300 in value over the weekend. Investors also paid attention to the scandal surrounding the bitcoin trademark. It was obtained by a British subsidiary of Monolip LTD in April. The company is threatening with a lawsuit an entrepreneur who is selling their products under the bitcoin logo.
The second popular cryptocurrency, ether, is also lacking demand. Today, the ether is worth around $530. Experts point out that the negative news background will cap the upside of digital assets. Most traders refrain from buying opportunities which may trigger a slump in bitcoin to $6,000, according to analysts.