Major cryptocurrency markets at this time of day

Cryptocurrency (virtual currency) such as Bitcoin is falling due to the news that U.S. securities authorities will tighten regulations.

Bitcoin recorded $38,067 as of 6 a.m. on the 4th, down 1.94 percent from 24 hours ago, on Coin Market Cap, a global coin market relay site.

Bitcoin also went down to $37,000 on that day. Bitcoin fell to $37,782 during the day, but it is defending the 38,000 mark with low-cost buying.

The reason Bitcoin fell on this day was because U.S. regulators indicated that they would tighten related regulations, according to the U.S. cryptocurrency media Coindesk.

Gary Gensler, chairman of the Securities and Exchange Commission (SEC), a U.S. securities supervisory authority, said, "All coin disclosures (ICOs) are violating regulations."

Chairman of the SEC, Gary Gensler.

He made the announcement at a security-related seminar in Aspen, suggesting that he would tighten regulations.

Shortly after the news broke, Bitcoin was pushed back to the $37,000 range.

Not only Bitcoin, but most cryptocurrency is weak. Ethereum, which ranks second in market capitalization, plunged 4.38 percent to $2482. Binancecoin is also down 2.41 percent.

However, Cardano (Eida), ranked fifth in market capitalization, jumped 5.21 percent.

However, while most other cryptocurrencies are falling, only Ada (Cardano) is soaring 5.92%.