Investing.com – Bitcoin steadied on Wednesday rebounding from a dip below $10,000 amid a report that South Korea doesn't intend to ban cryptocurrency trading.
"There is no intention to ban or suppress cryptocurrency [market]," Kim Dong-yeon, South Korea Finance Minister, said when questioned by a lawmaker on the government’s plans to regulate the market, Reuters reported Wednesday.
The comments did little to renew demand for cryptocurrencies as the total cryptocurrency market cap at $508 billion remained only modestly above $478 billion – the level last seen following the so-called crypto-bloodbath on Jan. 16.
Bitcoin fell 1.18% to $10,100, while Ethereum, the second largest cryptocurrency by market cap, gained 1.23% to $1,106.90.
Ripple XRP, meanwhile, fell 1.93% to $1.11, well below its all-time high of $3.28 on the poloniex exchange.