Day of the Bitcoin sell-off as worries of a ban in South Korea and China trigger double-digit losses
Bitcoin plunged into double-digit losses as fears grew of crackdowns.The digital currency
and others, consisting of Ethereum, Ripple, Bitcoin Cash and Cardano, tanked after authorities in South Korea and China recommended they might try to obstruct trading.
A massive sell-off sent Bitcoin down by as much as 20 per cent.Bitcoin and others
, including Ethereum, Ripple, Bitcoin Cash and Cardano, tanked after authorities in South Korea and China recommended they could try to obstruct trading
The next biggest rival currency, Ethereum, was also down by more than 20 percent.
Ripple, the 3rd most significant, plunged by 33 percent. Measures being considered by China include targeting online trading platforms and mobile apps.South Korean ministers stated the government was outlining a clampdown on the ‘unreasonable’ cryptocurrency craze.But Joachim Wuermeling, a director at Germany’s reserve bank, stated any attempt to control crypto currencies would require worldwide cooperation.TOP Do It Yourself INVESTING PLATFORMS< a href="https://clk.omgt1.com/?PID=9933&AID=467418"target=_ blank > Charges back in trades