Bitcoin Loses $9K Support As Markets React To S. Korea Investigation, Mt.Gox Sell-Off

in #bitcoin • 6 years ago


 Bitcoin prices fell to three-week lows of around $8,540 on May 11, as markets reacted to a flash investigation of South Korean exchange Upbit and a fresh Mt.Gox funds liquidation.
Data from Cointelegraph’s price tracker and Coin360 shows BTC/USD dipping sharply over the past 24 hours, with major altcoin assets posting considerably higher losses of up to 18 percent.
Traders appeared to deliver a knee-jerk reaction to news that Upbit, Korea’s largest cryptocurrency exchange and a subsidiary of communications giant Kakao, had received a visit from the country’s Financial Supervisory Commission (FSC). 

Full article: https://cointelegraph.com/news/bitcoin-loses-9k-support-as-markets-react-to-s-korea-investigation-mtgox-sell-off

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6 years ago in #bitcoin by
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