Why Bitcoin price drops?!?!

Bitcoin's price drops again after South Korea banned anonymous trading after dropping more than 25 percent last week, Bitcoin recovered to hit almost $17,000 on Wednesday. On Thursday, the price dropped again after South Korea started to regulate crypto trading. By banning anonymous trading, the country hopes to reduce the regularity and volatility with which cryptocurrencies are traded. “The government had warned several times that virtual coins cannot play a role as actual currency and could result in high losses due to excessive volatility.” South Korea's cryptocurrency market is one of the best in the world, with prices often trading higher there than anywhere else.

SOURCE: INFORM NEWS

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