Ethereum prices today were slightly down as Japan’s financial regulator sent out a warning about initial coin offerings (ICOs) to investors.
The cryptocurrency market is still digesting the Oct. 27, 2017, statement from Japan’s Financial Services Agency (FSA). The FSA stressed the “high” risk factor for investors who purchase new coin offerings in hopes their investment will yield a larger return.
Because Ethereum is used to fund many of these offerings, Ethereum prices can often drop on warnings from financial regulators about ICOs.
In Bitcoin news, prices smashed through the $6,000 level again over the weekend and have remained there through Monday afternoon. The cryptocurrency hit an all-time high of $6,306.58, easily topping a recent record set on Oct. 21.
Heavy trading volume continued to drive up demand. In addition, several analysts continued to project big gains in the future. Max Keiser said that the sharp uptick in new accounts each day will help push Bitcoin to a new…