A board at Coinone, a cryptocurrency exchange operator, in Yongsan, central Seoul on Thursday shows the price of bitcoin rising. According to Bithumb, the price of bitcoin in Korea rose 7.89 percent on Thursday.
Bitcoin prices plunged by roughly 10 percent after El Salvador became the first country to adopt bitcoin as a legal tender the previous day.
Bitcoin prices are shown on a digital screen at CoinOne's office in Yongsan District, central Seoul, on Monday. Bitcoin has been rising, trading at 59.2 million won ($51,000) as of 9:02 a.m. Monday, up 2.21 percent compared to the previous day.
A display at the cryptocurrency exchange Coinone's customer center in Yongsan District, central Seoul, shows the price of bitcoin rising on Tuesday. Bitcoin traded above 57 million won ($48,300) while Ethereum traded at 3.88 million won.
A digital signboard operated by cryptocurrency exchange Coinone in Yongsan District, central Seoul, shows bitcoin price changes on Tuesday.
Bitcoin prices are displayed on a digital screen at Coinone's office in Yongsan, central Seoul. Bitcoin prices surged on Monday after remaining low for an extended period, rising above the 45-million-won ($39,000) mark in the morning.
Cryptocurrencies are no longer booming in Korea. According to Upbit, the country’s largest cryptocurrency exchange by trading volume, of its 102 listed coins, 100 declined in price over the past three months as of 3 p.m. Monday.
Bitcoin traded around 41.5 million won ($37,000) on Wednesday morning, up 3.84 percent compared to 24 hours ago.
As crypto exchanges give altcoins the old heave-ho, there’s a method to their madness, literally.
Bitcoin prices recovered after plunging to below the $30,000 mark Tuesday for the first time since January.