Photo credit: bitcoin.com
Bitcoin falls $1,000 on trading after South Korea promises crackdown
Bitcoin plunged by more than $1,000 (£740) on Thursday after South Korea said it was planning a crackdown on trading in the digital currency in the latest of a string of warnings for investors.
It dropped to about $13,500 after trading at about $15,400 on Wednesday. The dip was seen as a further illustration of bitcoin’s volatility.
The cryptocurrency has surged in value this year by more than 900%, becoming one of the biggest stories in finance amid a slew of warnings of a pending market crash.
AdvertisementHide
Bitcoin recovered ground later on Thursday and was trading at about $14,000 at 5.30pm UK time.
Source: The Guardian
Details :
https://www.theguardian.com/technology/2017/dec/28/bitcoin-falls-south-korea-crackdown-trading
