Crypto market enters deep correction — over $200bn wiped out

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A new correction is taking place in the crypto market, after South Korea and China indicated that they could introduce new regulations to crack down on investments and centralized trading, respectively. South Korea is one of the biggest cryptocurrency markets, being responsible for a large part of the daily volume for the major coins and home to some of the most important exchanges, like Upbit and Bithumb. China, meanwhile, is home to miners responsible for validating a significant number of transactions and a significant number of investors. It previously shut down local exchanges and put an end to ICO investments…

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