Here’s why cryptocurrencies are getting smoked on Monday
A data adjustment by CoinMarketCap caused cryptocurrency prices to drop on Monday. Prices of the world’s largest cryptocurrencies appeared to take some major hits on Monday morning after CoinMarketCap.com, arguably the most popular and important site for cryptocurrency pricing data, opted to remove South Korean exchanges from its data sources. Cryptocurrencies have been known to trade at significant premiums in South Korea, often times many magnitudes higher than on other exchanges, due to localized demand and strict national controls on capital movement.
Source:: https://finance.yahoo.com/news/why-cryptocurrencies-getting-smoked-monday-184500706.html
