Bitcoin’s spot price was slumping on Tuesday, touching a six-week low near $11,000, as the biggest cryptocurrencies came under pressure across the board, MarketWatch reports.
The sell-off follows reports that South Korean finance minister Kim Dong-yeon said banning trading in virtual currencies was “a live option”. That has added to ongoing worries about a potential crackdown in what is considered the world’s third-largest crypto trading market.
