HONG KONG: Bitcoin slumped as much as 20%, giving more impetus to a January selloff in cryptocurrencies, after South Korea’s finance minister repeated that the country may ban trading in one of the world’s most active markets.
The largest digital coin was down 16% to US$11,755 as of 10:15am in London, the lowest level since late December, according to composite pricing on Bloomberg, bringing an end to its two-day rally.
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