Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

Latest Bitcoin news:

Bitcoin and other major digital currencies dropped sharply yesterday, falling to a low near USD10,050 on Coinbase. This equates to a loss of about 11% over the last 24 hours. Ethereum fell below the USD1,000 level again and traded about 10% lower near USD943, according to CoinMarketCap.

The drop is believed to be as a result of details being released in relation to cryptocurrency regulation in South Korea. The South Korean government announced it may collect up to 24.2% of corporate and local income taxes from the country’s digital currency exchanges in 2018, according to a report from South Korean news source, Yonhap News Agency.

Stay updated here with how the cryptocurrency is tracking: