CryptoWatch: Bitcoin futures slip as SEC, CFTC look to ramp up oversight

Bitcoin futures on Thursday traded lower but held above the closely watched level of $11,000 as cryptocurrencies broadly saw muted action.

Regulatory scrutiny of digital assets has intensified in 2018, which has deflated — at least momentarily — a spectacular run for bitcoin, ether coins and other cyber units.

Bitcoin trading on Cboe Global Markets Inc. for February XBTG8, +0.27% lost $110, or 1%, at $11,190, while January bitcoin futures BTCF8, +0.49% on the CME Group Inc.’s exchange, expiring on Friday, slipped $35, or 0.3%, at $11,210.

Late Wednesday, the Securities and Exchange Commission and the head of the Commodity Futures Trading Commission jointly wrote an op-ed in The Wall Street Journal, attempting to underline a united regulatory front in efforts to bring a framework of rules around distributed-ledger technologies.

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