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Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea’s finance minister had said banning trading in cryptocurrencies was still an option, reported Reuters.
South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the “irrational” cryptocurrency investment craze.
Bitcoin slid on the news, trading as low as $11,730 on the Luxembourg-based Bitstamp exchange, down 13.6 percent on the day.
The latest tumble leaves bitcoin more than 40 percent down from the record highs of around $20,000 reached in mid-December, wiping about $125 billion from its “market cap” - the price of bitcoin multiplied by the total number of bitcoins that have been “mined”, or released into the market.
US stocks plummeted, Bitcoin took a hit, and market fear spiked following US President Donald Trump's remarks about the economy, fueling concerns about a potential recession
Bulgaria has successfully issued new government securities totaling 300 million leva
In December, Bulgaria's registered unemployment reached a historic low, dropping below 150,000 for the first time
Bitcoin approached the 100,000 dollar mark on Thursday, fueled by investor optimism about a potentially more favorable regulatory landscape under the administration of President-elect Donald Trump
Bitcoin surged to an all-time high on Tuesday, nearing the 90,000 dollar mark with a peak of 89,900 during late Asian and early European trading
South Korea has not ruled out the possibility of directly supplying arms to Ukraine, a potential shift in Seoul's policy following reports that North Korean soldiers are being trained
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
Cryptocurrency has become a significant part of the financial world, but as it grows, so do the questions about Know Your Customer (KYC) requirements.
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushes into joining the eurozone
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
