mp 3 current event 4

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South korea bans cryptocurrency exchange and this is affecting the whole crypto realm. Because of the ban of  cryptocurrency bitcoin price dropped drastically. In december 19, 2017 bitcoin price almost hit $20,000 (18,922.00 to be exact) but the price dropped drastically. There were many reasons but one major reason is the ban of using bitcoin in south korea. Now the current price of bitcoin is 14,289 and the difference is quite a bit if you compare the time to its price. It is believed that bitcoin price will drop even more because of competition. Other companies are also bringing cryptocurrency to the market and this will lead to a huge drop of bitcoin price.


The informations were collected and use form The Guardian and price chart history.

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