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Bitcoin Slips as SEC Tokenization Progress Stalls

Bitcoin Slips as SEC Tokenization Progress Stalls

As of early evening on Aug. 14, Bitcoin (CRYPTO:BTC) fell 0.86% to $62,874.95, Ethereum (CRYPTO:ETH) fell 0.35% to $1,877.90, and Solana (CRYPTO:SOL) fell 1.47% to $75.06. The total crypto market cap fell 0.62% to $2.24 trillion as regulatory delays, fears of an economic slowdown, and pressure on crypto stocks weighed on prices.

What’s driving crypto markets

Bitcoin slid below $63,000 as major U.S. indexes slipped on falling consumer confidence and weaker-than-expected retail sales. In addition to broader economic fears, the Securities and Exchange Commission (SEC) canceled today’s planned meeting on crypto regulation and delayed the release of plans for tokenized stock trading. Shares in Coinbase Global

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