Bitcoin Fumbles After Renewed South Korean Concerns
Bitcoin price plunged below 16% in Tuesday’s trade alone, driven down by the potential ban from South Korea and China. After a brief rally in yesterday’s trade, the largest digital currency experienced a massive loss in value, amid fresh comments from South Korean minister regarding the possible ban on cryptocurrency trading.
Bitcoin price dipped to the lowest level in the last six weeks, currently trading close to the $12,000 mark. Its market capitalization declined to nearly $2 billion, down significantly from the $327 billion it hit on December 17.
South Korea Finance …
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