As the broader cryptocurrency markets have been cratering, Bitcoin has managed to retain much of its value. These widespread declines have taken place after it was reported that South Korean authorities raided UPbit, the nation's largest digital currency exchange. Ripple's XRP token and Bitcoin Cash, while not as far in the red, had dropped 12.8% and 13.8%, respectively. South Korea Leads The DeclineSeveral analysts confirmed that the UPBit raid was the driving force behind today's crypto losses. Disclosure: I own some Bitcoin, Bitcoin Cash and Ether.

Source: Forbes May 11, 2018 16:52 UTC