Bitcoin sinks as website all of a sudden removes South Korean exchange costs from estimations

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Bitcoin has actually sunk after website CoinMarketCap got rid of prices from South Korean exchanges from its computations of digital currency rates with no warning, leading to a high drop in all virtual coins they track.CoinMarketCap reveals real-time rates and market capitalisations for more than 1,300 cryptocurrencies and is extensively followed by market participants. The exemption of data from South Korean exchanges, where virtual currencies trade at a large premium, planted confusion and set off a broad selloff.

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or boom? Bitcoin’s heady trip A tested currency, or a foreseeable flop? Whatever side you’re on, Bitcoin took the monetary world by surprise in 2017.”Every crypto is priced at

a 30 per cent premium in South Korea,”

said Greg Dwyer,

head of company advancement at cryptocurrency derivatives exchange BitMex.”By getting rid of that, it looks like the

market cap fell by