At press time, bitcoin is trading for just over $8,000 – a solid dip from yesterday’s high of about $8,500, though it is a step above today’s previous low of $7,700. Bitcoin is struggling to stay afloat, but many outside factors are looking to prevent this. One involves ongoing regulation in South Korea. The country accounts for over one quarter of the world’s bitcoin and cryptocurrency trades, making it a very important candle-holder in the digital asset arena. However, as activities in South Korea grow and bitcoin continues to garner popularity, regulators are seeing a stronger need to interfere. ThePowered by WPeMatico
