about South Korea and Bitcoin !!!!!

in #busy7 years ago

After More South Korean Rumors, BTC Markets Head Southbound After Coming Close to $15K on January 10
Markets Update: Cryptos Look for Relief After South Korea Mainstream Media FUD Causes Losses
This week South Korea brings the FUD to cryptocurrency markets.
Over the past week, cryptocurrency investors have been fixated on South Korea and the government’s recent exchange ‘crackdown.’ Much like China’s PBOC rumors affecting the price of BTC, reports about South Korea have been conflicting, and filled with fear, uncertainty, and doubt (FUD). Right now there’s some hefty volume taking place worldwide as over $17.4Bn in BTC has been traded over the past 24 hours. The top five exchanges swapping the most bitcoin today are Bitfinex, Okex, Binance, GDAX, and Bitstamp.

The USD is the most traded currency paired with BTC capturing 39% of the global trade volume. The Japanese yen occupies the second position at 34% followed by tether (USDT 9.6%), the euro (4.7%), and the Korean won (4.4%). Right now according to Shapeshift and Changelly the most swapped altcoin with BTC is ethereum. As usual, during bearish cryptocurrency trading sessions tether USDT is capturing the fourth highest digital currency trade volume globally. At the moment the price per BTC/USD is roughly between $13,850 to $14,150 over the past two hours.

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