Bitcoin prices plunged on Thursday, with spot prices erasing more than $1,500 after South Korea announced tougher measures to crack down on cryptocurrencies trade, MarketWatch reports.
Prices on CoinDesk tumbled $1,552.39, or 10%, to $13,825.89, trimming its market cap to $232bn. Just 11 days ago, the currency traded at almost $20,000 after a one-month buying frenzy that sent it up more than 1,800% on the year, fueling fears of a speculative bubble.
