Bitcoin sinks as website suddenly removes South Korean exchange prices from calculations

2018/1/9 13:29:32

Ripple's currency XRP fell more than 30 per cent on the day, after hitting an all-time peak of around $US3.84. In 2017, XRP soared 35,000 per cent, surpassing bitcoin's surge of around 1,500 per cent. 

 

 

 


From The Age, Jan 9, 2018

 

Bitcoin has sunk after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.

 

CoinMarketCap shows real-time prices and market capitalisations for more than 1,300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sowed confusion and triggered a broad selloff.

 

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http://www.theage.com.au/business/mar ... ices-20180108-h0ffn4.html

 

 

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