Loosing South Korea from the crypto market is a huge blow to the industry!
TOKYO (Reuters) - Bitcoin skidded on Thursday, after South Korea’s justice minister said a bill to ban cryptocurrency trade was being prepared.
Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017. REUTERS/Dado Ruvic/Illustration
Bitcoin was down more than 10 percent on the Bitstamp exchange at $13,350 on the newss, after earlier dropping as low as $13,120, its weakest since Jan. 2.
Excellent report, thank you for posting this.
Got to keep the community informed. I do not think this is cause of panic selling, however. The market will bounce back no doubt. But it is good to be informed.