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On Wednesday, a major Hong Kong-based exchange said some accounts may have been compromised, while the U. Securities and Exchange Commission expanded its scrutiny to cryptocurrency exchanges and "wallets," which are companies for storing digital assets. On Thursday, Japanese authorities suspended operations at two cryptocurrency exchanges for a month and ordered business improvements at five other exchanges.
Also hitting sentiment was a Wednesday report about the now-defunct Japanese exchange Mt. Bitcoin was trading more than 3. The last few times this happened, according to the analyst, was in Nov. But we're getting through this. Fundstrat's Lee is the only major Wall Street strategist to issue regular reports and formal price targets on bitcoin.
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