Main reason for bitcoin price down.
Bit coin are banned by Korea, So that bicoin price start to down. Keeping the identity of the secret, South Korea is thinking of implementing a strict law to deal with cryptanacarrency or digital currency transactions. Authorities have announced an announcement on Thursday that banned anonymously bite coins in the country. Soon after that, the prices of bit coins were reduced in the exchanges. Bit coins were priced at 16,859 dollars on Wednesday. On Thursday, it fell by almost 16 percent to $ 14,041. With the announcement of banning transactions in anonymity, prices of other cryptococcensities decreased as the cost of bit coins declined. ... Those who are doing transactions like this can face a lot of reason, because there is no proper address for the price.