Bitcoin Fumbles After The Potential Ban
Cryptocurrencies slid sharply in early trade on Thursday after the South Korean government started taking strict actions against cryptocurrency trading in domestic stock exchanges. According to the South Korean Justice Minister, the government is looking to ban cryptocurrency trading in domestic exchanges. Moreover, Warren Buffett’s warning yesterday over the future of cryptocurrency also prompted a huge selloff in bitcoin and other digital currencies prices.
Bitcoin lost more than $2000 in value in early hours trading after the news of the ban hit the crypto markets, resulting in a loss of more than $106 billion of value …
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