[BitcoinNow] Domestic Bitcoin Drops Over 3%... Falls Below 11 Million Won

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[Asia Economy Reporter Park Jihwan] On the afternoon of the 27th, major cryptocurrencies including Bitcoin are showing a decline of more than 3%.

According to the cryptocurrency exchange Bithumb at 2:19 PM, Bitcoin recorded 10.64 million KRW, down 382,000 KRW (3.47%) compared to 24 hours ago. The trading volume for the day was about 76.3 billion KRW.

Major cryptocurrencies also showed a sharp decline. On Bithumb, along with Bitcoin, Ripple (-5.45%), Ethereum (-5.18%), EOS (-6.31%), and Ripple (-2.05%) fell. On the other hand, Bitcoin Cash rose by 1.49%.

The decline in cryptocurrency prices was also prominent in overseas markets. According to CoinMarketCap, an overseas cryptocurrency market data company, Bitcoin is trading at $8,723.76, down 5.08% compared to 24 hours ago.

Along with Bitcoin, major cryptocurrencies such as Ethereum (-8.83%), EOS (-9.22%), and Litecoin (-12.34%) also showed a sharp decline of around 10%. Bitcoin Cash and Ripple performed relatively well, falling only 4.43% and 4.92% respectively compared to 24 hours ago.