Bitcoin slides 18% on crackdown fears; crypto rivals also plunge

in crypto •  7 years ago 

Bitcoin slides 18% on crackdown fears; crypto rivals also plunge image

Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown.

Bitcoin's slide triggered a massive selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent on the day, according to trade website Coinmarketcap, and the next-biggest, Ripple, plunging 33 percent.

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Post Farm - Part of a group of accounts posting plagiarism in an effort to get random upvotes from @hr1 & @grandpawhale

!cheetah ban

Okay, I have banned @jaykpatel.