Bitcoin continues to be a nightmare for the investor, who has often spoken of by his record-setting rise in 2017, which we have left behind.

Bitcoin has seen gold in the level of 10 thousand dollars in the last weeks.

But the only crypto money that made a bad start to 2018 is not Bitcoin. For other large cryptic moneys called Altcoin, it started as a 2018 nightmare. The total market value of the crypto money has dropped by 260 billion dollars in the last week and it is 20 percent on average yesterday.

The decline in Bitcoin continued this morning. In the morning, the price of Bitcoin dropped by 7 percent to 10 thousand 567 dollars. With negative news from Asian economies, Bitcoin saw gold in the past 10 thousand dollars.

WHY IS IT LOW?

The transaction ban on crypto currencies as a result of South Korea's new regulations on crypto money markets caused a visible decline in the market, including Bitcoin and other crypto currencies.

After South Korea banned crypto-currency transactions, South Korean Economy Minister Kim Dong-yeon said in an interview with a local radio station that the ban on crypto-currency transactions was an "option in the hands of the people".

"CONTINUE CONTINUE" CALL

After South Korea's announcement, Deputy Director of the Central Bank of China Pan Gongsheng said that the government should continue the pressure on the cryptographic currencies and ban the centralized trade of virtual currencies, including Bitcoin, as well as the people and businesses that provide the related services.