South Korea promises crackdown on trading. What happened? Two weeks ago, a high-profile digital currency exchange in Seoul was hacked and went bankrupt.
The Asian country’s administration said it was planning a crackdown on trading in bitcoin. Right after the announcement, the cryptocurrency plunged by more than $1,000.
Let’s remember South Korea is one of the biggest markets in the world for bitcoin. The country’s administration said it was preparing a ban on opening anonymous cryptocurrency accounts and new legislation to let regulators to close bitcoin exchanges if they felt there was a need to do so.
In a new illustration of bitcoin’s volatility, it went down to around $13,500 after trading at about $15,400 yesterday. The cryptocurrency has surged in value this year by more than 900%, hitting a record high of almost $20,000 earlier this month.
< 1 min
Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.14
Trade-0.06% -
USD/JPY
143.69
Trade+0.56% -
GBP/USD
1.33
Trade-0.11% -
AUD/USD
0.64
Trade-0.04% -
GBP/JPY
191.24
Trade+0.44%
-
Shopify Inc.
97.16
Trade+1.52% -
Tesla, Inc.
284.06
Trade+8.05% -
NVIDIA Corporation
110.77
Trade+2.82% -
Amazon.com, Inc.
188.86
Trade-0.46% -
Apple Inc.
208.39
Trade+0.25%
-
Gold
3314.55
Trade-1.09% -
Crude Oil WTI
62.92
Trade+0.49% -
Gold-Gram
106.57
Trade-1.09% -
Crude Oil Brent
65.87
Trade+0.34% -
Silver
33.09
Trade-1.62%
-
US 100
19427.68
Trade+0.69% -
US 500
5528.3
Trade+0.44% -
GER 30
22352.35
Trade+0.9% -
US 30
40127.09
Trade+0.1% -
JP 225
36092.19
Trade+1.41%
-
S&P 500 ETF
550.55
Trade+0.73% -
UltraPro Short QQQ
31.65
Trade-3.67% -
Daily Junior Gold Miners Index
67.56
Trade+1.84% -
QQQ Trust, Series 1
472.56
Trade+1.22% -
Gold Miners ETF
48.81
Trade+1.04%
Your capital might be at risk
Related posts
Top Crypto Assets, Rumours and Strategies for 2025
How To Short Sell Crypto: Making Profits in a Bear Market
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
What should you learn next? Turn the wheel to find out!
