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Why Bitcoin is falling?

Bitcoin is undergoing a roller coaster ride falling from $19,870 on December 17
to $12,000 this morning. Crypto currencies and Bitcoin caught the attention of
investors in 2017 and they became totally infatuated with it. In the beginning of
2017 Bitcoin started at $963.38 and ended at $13,850.40 with a gain of 1,338%.
It nearly reached $20,000 on December 17. This caused Bitcoin and other crypto
currencies getting huge media exposure and also enabled the creation of new
ones.

Bitcoin dropped 19 percent to a low of $10,969.15 on Tuesday since early
December according to coin desk. As per coin desk bitcoin price index tracks
prices from crypto currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
As per crypto compare trading in South Korea accounted for about 3.5 percent of
bitcoin trading volume. Bitcoin trading is highest as per U.S dollar. It is about
42%.

Crypto currencies started well this year but the reports of South Korean
regulators that cracking down on exchanges shook …

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