South Korea's bitcoin price plummets as investors' buying momentum wanes sharply

Time:2022-02-26 Source: 1168 views Mining Copy share

Securities Times e company news, the sudden change in the situation in Russia and Ukraine has put pressure on global risk assets. In South Korea, the price of virtual currency, which was extremely popular during the epidemic, fluctuated violently, and the price of Bitcoin, which was sought after by many investors, plummeted.

South Korea's largest virtual currency exchange said that the trading price of bitcoin on Thursday fell nearly 6% from the previous trading day, falling below 43 million won, or about 226,000 yuan, the lowest value in the past six months.

Since Bitcoin itself has a high market cap, a slight dip can cause huge losses. So this sparked panic among individual investors, and buying momentum waned sharply.

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