This article was first published on: CryptoPotato --
The cryptocurrency community has many reasons to celebrate last week, as well as this new week as investors have become excited due to the current increment in the price and value of cryptocurrencies in the industry.
The recent blockage in the industry was caused by the South Korea ban which resulted to a shortage in the supply of cryptocurrencies such as Bitcoin, Ethereum, and others making these tokens almost worthless in the South Korea cryptoverse.
Due to the shortage, cryptocurrency traders in South Korea depended on miners in Japan and China for supply, but the ban also made it difficult for foreign investors.
According to the data of Bitcoin’s Price Index (BPI) gathered by Coindesk, the price of the world’s largest cryptocurrency, Bitcoin, hit a 40-day high above $9200 on Tuesday morning.
Over the past few weeks, the price of Bitcoin has been on a steady increase and climbed above $9,000 after the morning trading session, which started at around 00:03 UTC, and so...
This content is synced from the rightful owners. Copyright on text and images belong to the original source. -- This article was first published on: CryptoPotato