Recently bitcoins plunged even lower than what it was before because of the statement made by south Korean prime minister about banning trading of virtual cryptocurrencies through exchanges
Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental
Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!
Remember when China ban cryptocurrency trading the price drops but it regain after a few weeks only and I don't think Korea is much bigger than China, of course, there will a price drop but not enough to take down cryptocurrency permanently