Bitcoin drops 11% as South Korea moves to regulate cryptocurrency trading

Bitcoin fell on Thursday in a week that has seen the cryptocurrency seesaw following a major sell-off at the end of last week
The latest moves came as the South Korean govern
Bitcoin drops 11% as South Korea moves to regulate cryptocurrency trading

Bitcoin fell on Thursday, marking the latest gyration following a major sell-off at the end of last week.

The cryptocurrency fell as low as $13,672.16 on Thursday — an 11 percent decline compared with the beginning of the day, according to leading industry site CoinDesk. At 3:42 p.m. HK/SIN, bitcoin had ascended back to $14,233.60.