Bitcoin and other cryptocurrencies, which had increase dramatically by the end of 2017, are starting to regain their ground and restabilizing themselves since laws are attempted to be regulated in the crypto world.

The most famous virtual currency, bitcoin "fell below the $ 12,000 mark, the unheard of since early December," noted Tuesday morning David Madden, analyst at CMC Markets UK.

Shortly before Christmas, the cryptocurrency had treated the $ 20,000!

All cryptocurrencies were affected by the decline, according to the coinmarketcap.com trading platform. The ethereum, the ripple and the bitcoin were losing respectively 12.41%, 19.16% and 15.51% mid-day Tuesday, according to this source.

According to analysts, this movement is explained by authorities who are trying to regulate cryptocurrencies, in particular in South Korea and in China.

The South Korean government said last week that Seoul was preparing to ban cryptocurrency trading platforms, before backtracking and saying it was only one of the measures envisaged by the government.

Markets have also rumoured that China is preparing to implement a complete ban on bitcoin mining, the computer activity of issuing digital currency.

Although it is probably in China that the bitcoin mining activity is the most developed, analysts recall.

Source: http://www.lapresse.ca/affaires/economie/services-financiers/201801/16/01-5150142-le-bitcoin-sous-12-000-dollars-toutes-les-cryptomonnaies-a-la-peine.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=cyberpresse_cinemaStandard__4240994_section_POS5