The value of bitcoin in recent days has been decreasing, has even reached below $ 13,000, this situation is mainly due to South Korea and to a lesser extent to China.
Days before, the bitcoin reached $ 19187 but since then it has been losing strength. South Korea has a great relevance for the whole network of the bitcoin community, in fact the most advanced nations of Asia exert great influence in this and other cryptocurrencies. When some of these countries have some economic stability, it affects the valuation of bitcoin.
On the other hand, it is wanted to regulate in these Asian countries the use of these cryptocurrencies. The government of South Korea has banned ICOs just as China did, which had a negative impact on the purchase price of bitcoin.
The fall that presents the btc at the moment is due mainly to the bill of law to prohibit the bitcoin in surcorea. On the other hand, and to a lesser extent, the fact that China, with the argument of high energy consumption, is closing the bitcoin mines has also had an impact.
They are determined to prohibit transactions in cryptocurrencies, which is why they have raided some exchange houses, including Coinone and Bithumb.