Bitcoin price (BTC/USD) slides after failed attempt at surpassing $9,000

The original cryptocurrency makes up less than a third of all digital currency trading in South Korea

Bitcoin price (BTC/USD) slides after failed attempt at surpassing $9,000

The Bitcoin price (BTC/USD) has seen some losses on Tuesday, as the cryptocurrency rally that marked yesterday’s trading has seemingly come to a halt.

Bitcoin performed strongly on Monday, but it came up just short of surpassing the $9,000 barrier. The original cryptocurrency stopped its advance at an intraday high of $8,985.92 and eventually ended the session at $8,926.57, up from its opening level of $8,141.43.

The cryptocurrency has pulled further back since the start of today’s trading and its price is currently hovering around $8,560, according to data from digital currency tracker Coinmarketcap.

In other Bitcoin news, South Korean news agency Yonhap reported on Sunday that the original cryptocurrency made up 32.7% of all digital currency trading in the country in December. The report was based on data collected on December 17 by the Korea Insurance Research Institute (KIRI).

The data suggests that Bitcoin is not as dominant in South Korea as in other major markets. For example, in Japan, which is one of the largest cryptocurrency markets, Bitcoin’s share reached 96.9%, according to the report. The original cryptocurrency also makes up 87.1% of all digital coin trading in Britain, 84% in Brazil and 83.7% in Russia.

In today’s trading, the Bitcoin price stood at $8,564.35, as of 11:05 GMT. The original cryptocurrency has lost 2.6% of its value, Coinmarketcap data shows. Its total market capitalisation currently stands at $144.4 billion, which represents 34.9% of the value of the entire cryptocurrency market.

For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.

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