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The price of the titheremium was able to walk against the current on Monday, rising slightly as the broader markets led by the Betcock and the Ripple are undergoing major corrections that look worse than they are.
The value of the digital currency market declined by 8%, with Korean data being excluded by CoinMarketCap
The value of the digital currency market cap has made steady progress during the first week of 2018, rising to $ 830 billion on Sunday. However, the value fell by 8% this morning, forcing the combined value of all digital currencies to reach $ 755 billion.
Where most of the movement took place around 5:00 UTC when the market data port CoinMarketCap released trading data from South Korean trading platforms from its pricing algorithms. Since the South Korean trading platforms tend to price currencies higher than the global averages in large amounts - often 25 percent or more, this change made a big difference.
Petcoin prices drop to less than $ 16.000
The price of the weekend Bitcoin has been in the process of rising to $ 17,252 on the Bitfinex trading platform. The price of the Pitcairn hit its highest level on December 21. But the price of Betcairn today fell sharply by nine percent to the current value of $ 15,475 on the trading platform Bitfinex. This translates into a market value of $ 261.5 billion.
The decline coincided with South Korean media reporting that organizers were "intensively investigating" bank accounts belonging to local currency exchanges.
At the same time, the riyal has seen a decline of about 8% on the Bittrex trading platform to $ 2.53. However, its global price shows a 21 percent drop on CoinMarketCap, because the site has begun to exclude spot prices for South Korean markets from their accounts - which are often higher than the global price due to domestic demand and capital controls.
Alternative digital currency markets are vulnerable to South Korean markets
The absence of Korean spot prices from the CoinMarketCap algorithm makes the market decline worse, but most of the major currencies are showing a slight drop against the US dollar.
According to data from CoinCodex, the price of Pitcin Cash has fallen 2 percent to $ 2,684. Cardano's fifth place, which fell 7 percent to $ 0.93. While Neem's currency fell by 1 percent, while the price of both the Quinn Lait and Steller dropped by four percent to $ 273 and $ 0.66 respectively.
