$200 billion wiped divided from sum cryptocurrency marketplace cap

In the last few hours over $50 billion has been wiped divided from the tellurian cryptocurrency marketplace cap, down to just $628 billion (at the time of writing) from the record high of $835 billion on Jan 7.




Why the large dump in cryptocurrency prices? Well, there have been large stories that the Chinese supervision will be banning Bitcoin mining in the country, and with 80% of Bitcoin mined in China, this is outrageous on the own. But then news pennyless a integrate of hours ago from Reuters that the South Korean supervision was pulling laws in to ban cryptocurrency trade on SK exchanges.


This has seen the dump of probably every singular cryptocurrency, with Ethereum going from the record high of $1400+ to $1230 in a matter of hours.


More Crypto News/Content:


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Article source: https://www.tweaktown.com/news/60507/200-billion-wiped-away-total-cryptocurrency-market-cap/index.html