Do anybody knows the reason why this big marketcap crashed even after south korean issue almost resolved then also market moving towards 5 billion from 8 billion . Is there any particular reason??
The S. Korea Finance Minister made some comments on a radio show about banning bitcoin trading. He later doubled down his remarks with something even more harsh and I think that moved the market. I was reading somewhere that even if he is to try and get this through as legislation, he would need a majority of votes from the parliment, and at best it would take years, and probably never - so its probably just more unnecessary FUD.
I woke up and I saw blood, it's already four days of failure ... I was already wondering what the cause would be.
Thank you for the information.