Bitcoin Fell Nearly 3% as Singapore Officials Warn Crypto Providers

Bitcoin is on the decline again, at 5:05 this morning (January 18) the price was at $41,661.5, down 2.97%, before gradually rebounding slightly and is currently at $42,210.83.

Bitcoin’s early decline came as U.S. exchanges were closed Monday (Jan. 17) for Martin Luther King Jr. Day. Trading on the stock markets will resume on Tuesday (Jan. 18).

Also on Monday (Jan. 17), the Monetary Authority of Singapore (MAS) issued a warning that operators of digital token trading, exchange and settlement (DPT) platforms should not publicly promote their products due to high risk.

In warning about digital assets or cryptocurrencies, including advertising or promotional materials in various forms in public areas such as public transportation, public websites, broadcast and print media, including ATM screens.

As for the new crypto practices in Singapore, token payment providers are only allowed to market or advertise on the company’s website, application, and social media accounts.

The Spot Market is Open

Tuesday, January 18, 2022

Crypto
Updated at
USD
Price

Change

%Change
10.35 BTC42,200.29-545.85-1.28
10.35 ETH3,198.06-77.87-2.38
10.35 LTC148.00-4.25-2.79
10.35 BNB473.05-7.74-1.61
10.35 XRP0.78-0.01-0.86
10.35 ADA1.60+0.07+4.66
10.35 DOT25.60-1.00-3.76
10.35DOGE0.170.00-0.65
10.35 UNI16.92-0.05-0.29
10.35 LINK23.87-0.79-3.21

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