Bitcoin falls as one of the world’s biggest cryptocurrency markets, South Korea, readies a bill to ban trading. Crypto Traders in Asia also expect China to make a move to ban cryptocurrency trading. Though Bitcoin dropped 13% on the news, in the long run, this could be a good thing as it a large majority of trading and mining comes out of South Korea, and limiting trading will limit supply. Nonetheless, all this will take at least 12 months for it to come into play.
Hopefully this helps and good luck trading!
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