News of a fresh crackdown on cryptocurrency trading in China has added to stress on Bitcoin and altcoin markets, seeing assets lose 30% in hours.
$ 200 Billion Disappears In New Downturn
Bitcoin dipped around 13.7% to challenge $ 12,000 Tuesday as both South Korea and China present regulatory changes which could limit access even further for regular users.
Despite local Korean news outlets forecasting that a “shutdown” on the cryptocurrency exchange space was “not likely” Monday, the situation remains confused as lawmakers attempt to place restrictions on everyday traders.