Bitcoin drops to 3-week low, other cryptocurrencies plunge after prosecutors raid largest Korean exchange

in #cn6 years ago (edited)

Major cryptocurrencies tumbled Friday after news prosecutors raided UpBit, the largest cryptocurrency exchange in South Korea.

Bitcoin fell 5.5 percent to $8,511, its lowest since April 20, according to CoinDesk's bitcoin price index. The cryptocurrency traded near $8,563 as of 9:12 a.m. ET.

Ref: https://www.cnbc.com/2018/05/11/bitcoin-drops-to-3-week-low-other-cryptocurrencies-plunge-after-prosecutors-raid-largest-korean-exchange.html

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