Panic Affecting Investors, Digital Currency Prices Fall Down!
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Coinmarketcap issued several South Korean digital currency exchanges from the calculation of its global price index. Investors reported experiencing panic.
Digital currency prices plummeted in early 2018 after the South Korean government decided to increase surveillance of the digital currency. The fall of prices is increasingly becoming after coinmarketcap, a leading global index of digital currency index sites suddenly displaying lower digital currency prices on Monday (8/1).
The decline in the price of digital currency in coinmarketcap because the manager of the site decided to issue some digital currency exchange in South Korea (ROK) from the calculation of the price index. Several South Korean exchanges are issued namely Bithumb, Coinone, and Korbit.
"We issued some korean exchanges in the calculation of prices because of the extreme price differences with other exchanges in the world," the official twin account twin coinmarketcap, as quoted Monday (8/11). (Also read: PPATK Search for Bitcoin in Child Porn Video Transactions)
Investors reported confusion after seeing price changes in coinmarketcap and selling their digital currency. Referring to the price index at coinmarketcap on Thursday (11/1) at 15:44 pm, as many as eight of the 10 largest digital currency market capitalization recorded a decline in a week. The deepest decline in the index experienced ripple.
The ripple price dropped 51.12% to US $ 1.8; cardano 42.68% to US $ 0.72; Stellar 41.61% to US $ 0.52; NEM 27.82% to US $ 1.42; Iota 15.03% to US $ 3.58; bitcoin 9.02% to US $ 13,874; dash 9.63% to US $ 1.04; and litecoin 0.51% to US $ 237.42.
On the other hand, ethereum rose 28.65% to US $ 1,248.05 and bitcoin cash rose 3.69% to US $ 2543.45.