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:
South Korean supervision scheming check to anathema crypto trading
Chinese Bitcoin miners forced to close down operations
Ethereum pricing goes nuts, reaches nonetheless another high: $1417
Ripple (XRP) sets a new all-time record cost of $3.17
Ethereum closes in on $1000, movement isn’t stopping
Ethereum reaches new record all-time high cost of $870
Ripple (XRP) value blows up, bypasses Ethereum’s marketplace cap
Crypto consultant kidnapped, had to compensate $1 million BTC ransom
UnikoinGold is now available on Bittrex
Bitcoin could be value $0, according to Morgan Stanley
Facebook Messenger malware mines Monero on users’ PCs
Using ‘blockchain’ in new name, association shares arise 500%
MiningSky 8-GPU Mining Rig V1 Review
French dominatrix pimps clients out in ‘Crypto Slave Farm’
North Korea hijacking cryptocurrency attention workers
Analyst: Bitcoin on the way to $400,000 – will occur soon
You can now cave cryptocurrency with your BODY
Article source: https://www.tweaktown.com/news/60507/200-billion-wiped-away-total-cryptocurrency-market-cap/index.html