Again the main cryptocurrency of the market, has experienced a depreciation, which in this opportunity represents about 40% of its maximum historical quotation achieved on 17-Dec-2017 (almost 20,000 USD). Experts point out that it is mainly due to statements issued by the South Korean government regarding the prohibition of trade in cryptocurrencies; the Asian country is one of the largest markets for virtual currencies, therefore regulating them leads to a price fall due to the growing fear of investors.
Source: computerhoy.com
The crash of bitcoin brings with it most of the cryptocurrencies, since it has become a kind of marker in the market. Following is a summary of the behavior of the main cryptocoins in the ranking according to the website Coinmarketcap.com, where the decrease in the price in the last 24 hours is appreciated.
Source: Coinmarketcap.com
It is worth noting that this is not the first time that there has been a significant fall in the value of Bitcoin due to various factors, although it usually happens after the issuance of statements by this type of different governments in the world that try to establish regulations for cryptocurrency, however, historically the cryptocurrency has managed to resurface and surpass the historical maximums, as can be seen in its behavior.
Source: Coinmarketcap.com
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