Game Over? Bitcoin Price Plunged 25% after South Korea Announced Ban on Crypto

1 min read

Bitcoin and other cryptocurrencies (blockchain backed virtual coins) has experienced crazy hype in the past months. However, with high price higher risk comes into the picture.

On 15th Jan 2018 South Korea announced plan to ban bitcoin and other cryptocurrencies. The price of almost all coins plummeted. By the time of this writing, the price of bitcoin has dropped from the high $14,261 to $10,762 (USD), almost 25% drop within 2 days.

Medias and financial institutions has released warnings regarding cryptocurrencies collapse. Investors must take note that while in the past months many have made a great fortune out of cryptocurrencies, they are in fact one of the investment instruments with the highest risk in history.

Spread the love