Bitcoin price drops below $ 47,000 on Thursday morning

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Bitcoin Foundation Chairman Brock Pierce joins ‘Kennedy’ to discuss push for tighter government crypto regulations in the United States

Bitcoin was trading more than 2% less Thursday morning.

The price was around $ 46,800 per coin, while rivals Ethereum and Dogecoin were trading at around $ 3,100 and 27 cents per coin, respectively, according to Coindesk.

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Tags to identify bitcoin, ethereum and other crypto assets will be launched in September, according to Reuters.

This is seen as another sign that the cryptocurrency market is adopting the characteristics of mainstream investing.

Stock markets are already assigned an identification number to allow regulators and market participants to identify, track and quantify the risks associated with transactions.

These identifiers will create a bridge between traditional securities and the world of cryptocurrencies.

SECOND LARGEST AMERICAN MORTGAGE LENDER ACCEPTING BITCOIN: “WE JUST GIVE OPTIONS”

In other cryptocurrency news, United Wholesale Mortgage CEO Mat Ishbia discussed his intention to accept Bitcoin and other cryptocurrencies as payment as early as Q3 on “Varney & Co” by FOX Business. Wednesday, noting that the move will not create additional risk for the company.

We’re just giving options, ”Ishbia told host Stuart Varney.

The mortgage lender first announced plans to accept cryptocurrency for mortgages last week during the company’s earnings call, according to Bitcoin.com.

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Speaking to Varney on Wednesday, Ishbia said United Wholesale Mortgage will not only accept Bitcoin, but also consider eventually accepting Ethereum and other cryptocurrencies.

Talia Kaplan of FOX Business contributed to this report.

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