Bitcoin

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Bitcoin, the cryptocurrency which has taken the financial world by storm in 2017 is now facing flak from central agencies and financial institutions the world over. Last week, Bitcoin fell more than 11 per cent to close to $12,000 after reports that South Korea may clamp down on trading of cryptocurrencies, driving fears among investors of a wider regulatory crackdown. While some experts have now come forward to claim that bitcoin is headed for a big correction, investor interest recouped, driving Bitcoin prices up by 10 per cent to trade as high as $12,823 by Saturday, according to cryptocurrency trading platform Coinmarketcap. The market capitalization of bitcoin is currently around $201 billion while on Friday it was about $192 billion.

While bitcoin has remained a topic of fierce debate, here are some other digital currencies inspired by Bitcoin which are gaining attention of investors: