Daily Litecoin News UpdateCryptocurrencies wiped out billions from their market cap this week. What we saw on Wednesday was only a trailer. This horror flick is playing to a full house on Thursday morning. Top cryptocurrencies have just hit their new all-time lows in 2018. Once again, investors have the Koreans to blame.
The steep drop in prices overnight resulted from a rumor that South Korea may be banning cryptocurrency trading altogether. Deja vu!
First, there’s a rumor of a complete ban.
Then, crypto prices begin to crash.
Then, the government backtracks, taking a milder stance.
Then, crypto prices recover.
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