Did Bitcoin make a bottom of over $ 14,000 after South Korea's move?
Bitcoin seems to have found a bottom on the $ 14,000 level, after the virtual currency lost 8% of yesterday's value by limiting speculative money and protecting individual customers of the Korean government.
Although the launch of Bitcoin on the Chicago-based derivatives trading floor is thought to have made the virtual currency a viable channel to attract investors, so far the transaction volume has remained very few.
The Korean government is one of the strongest warnings about speculative bubble blasts for the largest virtual currency in terms of market value, which has risen to 1,400% over the beginning of the year.
Korea is considered one of the bitcoin investment hot spots, accounting for about 20% of global daily virtual currency trading.