BTC down below $10,000

Posted 17 January, 2018

Bitcoin price has collapsed to below $10,000 in the course of Wednesday. As a result, it has halved from the peak recorded just a month ago.

According to  CoinDesk data, bitcoin is quoted at $9,469.64 for now, which is 17% down d-o-d. Yesterday the currency lost a quarter in price.

This is the first slump below $10,000 recorded since December 1, 2017. For reference, bitcoin reached an all-time high at $19,511 on December 18, 2017.

The plunge is reportedly related to fears that the regulators in South Korea and other countries will step up policy for the crypto market.  

Earlier Korea's finance minister reported about possible ban on crypto trading in the country

In South Korea, thousands of cryptocurrency fans have signed a petition to the authorities for cessation of pressure on this market.

With a large number of collected signatures, the government will probably have to respond to the petition, according to news reports.

January bitcoin futures on the CME have fallen by 14.4% to $9,555 on Wednesday, and those on the CBOE – by 14% to $9,510.

The second major currency – Ethereum – has dipped 27% today to $812.33.

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18 January, 2018 12:16

← US dollar weakens vs euro and yen after release of Beige Book

US dollar to euro and other currencies has weakened during the Asian session amid the response of the market to the Federal Reserve's economic review and statements of the Central Bank board. The euro has reached $1.2209 for now, against $1.2186 at the previous close in New York. The US dollar-to-yen exchange rate decreased to JPY 111.18 (JPY 111.29 earlier)...

US dollar weakens vs euro and yen after release of Beige Book

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17 January, 2018 14:15

Bitcoin and other cryptocurrencies nosedive further for second session →

Bitcoin in tandem with other main cryptocurrencies has continued nosedive for the second day in a row driven by anticipated policy tightening amid possible crypto trade ban in South Korea. On the Bitfinex, bitcoin changed hands at $10,460.00 today (13% down d-o-d). The Tuesday decline was recorded at 18%. Ripple was traded at $1.08 on the Poloinex (some 24% down d-o-d).

Bitcoin and other cryptocurrencies nosedive further for second session
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