Bitcoin's price sinks as South Korea bans anonymous crypto trading

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Bitcoin's price sinks as South Korea bans anonymous crypto trading.
Bitcoin's price is taking a dive again after news broke that South Korea plans to make it harder to trade cryptocurrencies anonymously. 

The price of Bitcoin dropped to $14,081 Thursday morning, down roughly 16 percent from its $16,895 high on Wednesday. The most popular cryptocurrency has since recovered a bit and is currently trading at $14,686 with a $246 billion market cap. 

SEE ALSO: Bitcoin just made the Winklevoss twins billionaires

The drop in price, which pulled back most other cryptocurrencies as well, comes after South Korea government's announcement that it will block anonymous trading of cryptocurrencies.



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Bitcoin's price sinks as South Korea bans anonymous crypto trading