Bitcoin Price Stays Heavy Amid Korean Regulatory Reports

Bitcoin Price Stays Heavy Amid Korean Regulatory Reports

Despite the two-way action on the price of bitcoin over the last 24 hours, the bears still appear to have the upper hand. CoinDesk’s Bitcoin Price Index (BPI) fell to $13,455 yesterday before rising back above $14,900. At that point, it appeared bitcoin (BTC) had found a bottom, but the ascent was cut short at $14,942 and prices fell further to $12,845 at 04:29 UTC – very likely on fears South Korea may soon announce an outright ban on cryptocurrency trading at exchanges. With South Korea one of the biggest markets for cryptocurrencies, such a ban by the nation […]

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