Bitcoin's Price Just Fell 28% In Past Hours
Having been on the slide in recent days, in large part seemingly due to new regulatory efforts to calm the enthusiastic crypto market in South Korea, chart analysis had indicated that bitcoin would recover and likely return to $15,000 levels today. However, that did not happen. The bitcoin start from $13,585, and reached a high of $13,601 before the sudden drop at quickly after 07:00 UTC that saw the price drop from $13,210 down to $11,850 at 08:30 UTC. That's a fall of $1,360 in just 1.5 hours.