Separately, US authorities on Tuesday suspended trading in a popular Bitcoin-related stock, citing concerns about market manipulation. ‘Bitcoin was explicitly designed to be digital gold’The Crypto Company’s share price had risen 1,700 percent between the end of September and Monday evening before the Securities Exchange Commission intervened to halt trades until January 4. Bitcoin hits new record high of $11,850However, “the weight of South Korea as a Bitcoin market is not that big,” he added. Bitcoin dropped to $15,815.78 in early Tokyo trade from $18,000 Tuesday evening, according to data compiled by Bloomberg. Bitcoin has soared almost 20-fold since the start of the year and this month saw it move into the mainstream as two major US exchanges began trading futures in the unit.

Source: The Express Tribune December 20, 2017 08:03 UTC