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.