Bitcoin Drops 40 Percent, Cryptocurrency Market Tumbles

Today, the value of Bitcoin fell 40% below $11,000 USD, seeing its first dramatic plunge since hitting record highs between $15,000 - $19,000 USD. Not surprisingly, other major cryptocurrencies as well as blockchain stocks saw falling prices following the Bitcoin trend. The plummet reflects a decreased demand from South Korean and Japanese investors, two countries which have dominated the trading volume for cryto-markets. Following the crash, Coinbase -- the popular cryptocurrency trading platfo...