Markets

Crypto Markets Shift To Red, Volatility Still High

On March 11, following a day of minor recovery, the cryptocurrency market rebounded back to the red area. Based on the data by Coin360, most coins and assets lost their value.

Bitcoin (BTC) fell to as low as $8,607, but recovered slightly by press time, trading at $9,224 coupled with a 2.43% loss of value.

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Yesterday’s total market capitalization highs of $390 bln. have witnessed a decline to around $379 bln., with an intraday low of $351 bln.

Ethereum is being traded at $717 at press time, experiencing a 2.47% loss of its value within 24 hours.

On March 6, 2018, the government of South Korea prohibited its own officials from holding and trading cryptocurrency.

January’s Coincheck hack has prompted the Japanese Financial Services Agency (FSA) to issue punishment notices for 7 cryptocurrency exchanges and to suspend two more after inspections.