Source Pravda.Ru

Bitcoin goes straight to the bottom

In the last 24 hours, the rate of the bitcoin has dropped by 25 percent to $10,500 for the first time since December 1, 2017.

According to Coinmarketcap, the crypto currency is trading at $10,900. Prior to that, it was reported that the crypto currency fell by 17.49%.

The current decline of the bitcoin became possible after it was reported that the South Korean government considered an opportunity to bar crypto-currencies from special exchanges. It is believed that it was the news about the tightening of market control of the crypto-currency in China and South Korea that could trigger a sharp collapse of the bitcoin rate.

At the same time, another cryptocurrency, the Ethereum, dropped by 20.7%, the Ripple "lost weight" by 30.1%, and Bitcoin Cash fork - by 23.83%. The overall market capitalization has also declined.

It was said that the Chinese authorities expect to block online platforms and applications that offer the use of crypto currency as a method of payment.

Technical director and co-founder of bitcoin.com, Emil Oldenburg, said that investing in bitcoin was the most risky investment that one could now make because the risk for such investments was extremely high.

Oldenburg has already sold his bitcoins and switched to bitcoin cash, which had split from bitcoin  
in August and overtook the Ethereum as the second largest crypto currency in the world.

Pravda.Ru

Read article in Russian

Comments
INF Treaty: Is the world without Russia possible?
Time for Brazil to wake up
Edward Snowden does not feel safe in Russia
Time for Brazil to wake up
Russia to use all of her might to defend Belarus if need be
Time for Brazil to wake up
Edward Snowden does not feel safe in Russia
Saudi Arabia knows how to dismember journalists and get away with it
Russia to use all of her might to defend Belarus if need be
Edward Snowden does not feel safe in Russia
INF Treaty: Is the world without Russia possible?
INF Treaty: Is the world without Russia possible?
INF Treaty: Is the world without Russia possible?
INF Treaty: Is the world without Russia possible?
Russia to use all of her might to defend Belarus if need be
Two Russian spies - Chepiga and Mishkin - create new bogus story for the West
Two Russian spies - Chepiga and Mishkin - create new bogus story for the West
Two Russian spies - Chepiga and Mishkin - create new bogus story for the West
Bill Clinton's Oval Office disgrace destroyed Yugoslavia
Two Russian spies - Chepiga and Mishkin - create new bogus story for the West
Russia builds her first-ever turbojet engine for civil aviation