Friday, 29 December 2017

Markets mixed, Bitcoin plunges

Markets were mixed on Thursday.

The S&P 500 rose 0.2 percent but the STOXX Europe 600 fell 0.3 percent and the Nikkei 225 fell 0.6 percent.

Bitcoin prices plunged as much as 11 percent on Thursday after South Korea announced that it was eyeing options for stamping out speculation on cryptocurrencies.

“Cryptocurrency speculation has been irrationally overheated in Korea,” the government said in a statement. “The government can’t leave the abnormal situation of speculation any longer.”

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