Bitcoin and Ethereum plummet as South Korea decides on total crypto shutdown
THE value of two of the world’s most popular cryptocurrencies, Bitcoin and Ethereum, has fallen off a cliff after South Korea announced curbs on speculation ahead of a decision on a full shutdown, figures reveal.
The value of ethereum slid by around $60 starting its decline at 10.00pm UTC to start Tuesday in free fall.
While Bitcoin’s fortunes mirrored its competitor losing $380 in a single day.
South Korea has announced a curb on crypto futures and vowed the come down hard on any criminal activities involving illegal currencies.
The country, which had been a big player in the cryptocurrency boom, is now considering a full shutdown of all exchanges.
It''s political game?