Bitcoin price (BTC) slammed 10% last week to the lowest level in the previous four weeks. The bear run intensified during the weekend trading after South Korean news agency reported that government authorities had raided one of the largest cryptocurrency exchanges.
Altcoins, in particular, fumbled at a sharp pace over the last three days – as Upbit accounts for the major portion of their trading volume.
The selling pressure has erased all the gains that altcoins have generated in the past month. Bitcoin price tumbled almost 17% since peaking to two months high of …
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