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On Thursday, bitcoin resumed its dip after South Korea told it was considering a number of options including a probable shutdown of some cryptocurrency exchanges to suppress wild speculation.
South Korea has appeared to be ground zero for a global soar in interest in bitcoin as well as other cryptocurrencies because their prices rallied in 2017, helping the Asian country’s prime minister to worry over the potential impact on Korean youth. While there’s no any signs that Asia’s number four economy is going to shutter exchanges, which have already accounted by some measures for more than fifth of trading worldwide, the news rolls out a warning as more and more regulators around the globe express worries about private digital currencies.
In Asia, bitcoin dived 7.2% to $14,102, erasing moderate profits following the South Korean release. The cryptocurrency has lost 25% from its record maximum hit the previous week.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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