South Korea's decision puts bitcoin down

Baku. 11 January. REPORT.AZ/ Bitcoin has dropped to $ 13,000, with the news that South Korea is preparing a bill that would completely ban trading with crypto-currency.

Report informs citing the RIA Novosti, South Korean Justice Minister Park Sang-gi said that his country is concerned about the excessive speculation over the crypto-currency, and that they have prepared a project prohibiting trade. Notably, South Korea has the world's largest market for trading with Bitcoin and Ethereum.

After the disclosure of the news, price of Bitcoin fell to $ 13,135 at the current price of $ 13,455 and capitalization of $ 226 billion. The market share of Bitcoin is 34.7%. Total capitalization of the market is $ 652 bln.

Analytical Group of Report News Agency forecasts that capitalization of the crypto-currency market to double and enter the upward trend of $ 1 trillion after decreasing by 20%.