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The Ethereum market in 2016 was a year full of controversy. Many investors have begun to pay attention to the virtual currency market, because virtual currencies such as Bitcoin have a lot of room for appreciation, while Ethereum does not have much room for appreciation. Xiaoxiao, for these two virtual currencies, Bitcoin is ahead of Ethereum after all, and its price trend is also very obvious. There is a lot of room for growth in market value. So, what are the latest news on Ethereum in 2017?
According to relevant overseas media reports, major digital currencies such as Bitcoin fell sharply on Monday morning local time. On the U.S. Bitcoin trading platform, the price of Bitcoin briefly fell to around $10,050, down about 11% in the past 24 hours. Ethereum is trading 10% lower at nearly $943, once again falling below the psychological $1,000 barrier.
This situation is not good for investors. This is actually related to the country’s policy on virtual currencies. In South Korea, the government has been trying to limit excessive speculation in cryptocurrencies. Cryptocurrency prices fell as some details of cryptocurrency regulation in South Korea emerged. Almost all digital currencies plummeted in the middle of last week on concerns that South Korea and China would tighten regulations on cryptocurrencies.
Therefore, the economic policies of major countries in the world have a very broad impact on emerging economic products. Bitcoin and Ethereum are both online virtual currencies. The market capitalization of these two currencies has grown at a surprising rate. For those who want to invest in these two virtual currencies, they must clearly understand the policies and regulations of the country where they are located, otherwise the investment may result in negative profits.
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