The market suffers today (- 40%) amid uncertainty in Asia

Bitcoin and altcoins today lost up to 40% of their value, with regulatory pressures from China and South Korea appearing to disrupt market optimism.

CoinMarketCap's data reveal the extent of investor fear. This fear is fueled by the confusing situation of crypto-currencies in South Korea and the news of Beijing's trade sanctions.

On Monday, Cointelegraph reported that the Korean authorities were likely to introduce fines for users reluctant to disclose their personal information on national trading platforms.

At the same time, China is seeking to generalize its crypto ban initiated in September 2017. This stance aims to " put an end " to the centralized trade of Bitcoin and altcoins in all forms, and no longer only via ICOs.

At the time of writing (Tuesday, January 16 at noon), Bitcoin has lost about 12.50% of its value, while the main altcoins have seen their value significantly deteriorate, oscillating between 20% and 30%, some even showing losses of 40%.

Bitcoin Cash, which had experienced a significant price increase in the first half of January, is now trading around $ 2,000. The price of the Ripple is only $ 1.45, which is half that of its January 4th high of more than $ 3.

The reactions to current events are similar to those that can be seen with every market correction: some sell massively, experts suggest that the price correction is " sine" , while a host of media articles allude to the bursting of the " bubble" of cryptocurrency.