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Bitcoin price, which had risen a lot amid the recent investment fever, has returned to three months ago. It seems that China's financial authorities have repeatedly warned that cryptocurrency cannot be used in the market, which has affected the market.
This is Hwa Kang-yoon reporter.
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Financial authorities, such as the People's Bank of China and the Banking Association of China, jointly issued a'Public Notice on Virtual Currency Transactions and Speculation Risks' yesterday (18th).
"Virtual currency is not a true currency, so it can't be used or used in the market."
It re-emphasized the existing position of the Chinese authorities banning the issuance and trading of virtual assets.
As a result of this, the price of bitcoin once fell close to 10% to less than $38,000.
This is the first time since February 8th, three months ago that the price of Bitcoin was below $40,000.
In domestic exchanges, the price of bitcoin once fell to 50 million won, and the prices of other virtual assets such as Ethereum and Dogecoin also fell at the same time.
[Ki-Hoon Hong/Professor of Hongik University Business Administration: Since the (virtual real estate market) is a market that is formed by faith, it is true that such negative and extremely negative stories pour out from countries that have a great influence on the global economy, such as China. It's the biggest part.]
As the antipathy for Elon Musk, which is shaking the virtual asset market, increased, a virtual currency called'Stop Elon' to stop Elon appeared.
Stop Elon showed the speculative nature of the virtual asset market as it rose more than five times in one day of trading and then soared again after a crash.
(Video coverage: Kang Dong-cheol, Video editing: Park Jin-hoon)