Bitcoin and altcoins lost up to 40% of their value the morning of Tuesday, January 16, as the regulatory pressure of China and South Korea

CoinMarketCap's cross-sectional data reveal the magnitude of the bearish feeling stemming from the confusing situation in Seoul and new Beijing trade sanctions. reported on how the Korean authorities would probably stop a "shutdown" of exchange of cryptocurrency, but have introduced fines for users reluctant to use data from the. personal identification on crypto exchanges in the country.

seeking to extend the scope of its September crypto trading ban to "end" centralized trading for Bitcoin and altcoins in all their forms, various sources now report.

Since the time of the press, Bitcoin has almost lost 15% on news, while the majority of key assets in altcoin have deteriorated significantly, plunging between 20% and 30%, some of 30 largest coins recording even 40% losses

Bitcoin Cash, which had the price advances of the first part of January fell below 2000 dollars. Ripple rose to $ 1.36 at the time of the press – less than half of its January 3 high.

Reactions to events show what has become a standard selection in the sphere of cryptocurrency. Traders lick their wounds, experts suggest that the price correction is "healthy", while a burst of media articles allude to the bursting of the "bubble" of cryptocurrency one more time.

The amount of money waiting to enter makes an extended bear market almost impossible. EVERYONE that counts is looking at crypto right now. And it's really everyone. – Paul (@paul_btc) January 16, 2018

On the subject of future positivity, the allocation of Wall Street bonuses this week should spark a massive influx of money in the cryptocurrency markets. , comes at a time when the short-term profit potential is all the more visible.