Bitcoin slides as website drops South Korea prices from virtual currency rates
CoinMarketCap
NEW YORK (Reuters) - Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning  resulting in a steep drop in all virtual coins they track.
CoinMarketCap shows real-time prices and market capitalizations for more than 1 300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges  where virtual currencies trade at a wide premium  sowed confusion and triggered a broad selloff.
Market participants said  CoinMarketCap  removed data without any explanation from three of the largest South Korean exchanges: Bithumb  Coinone  and Korbit.
 CoinMarketCap  was not immediately available to comment on  its  move.
Traders said XRP was the most severely affected by CoinMarketCap’s removal of South Korean prices because it was trading at a 50 percent premium in that country.
NEW YORK (Reuters) - Bitcoin sank on Monday after [TGT] removed prices from South Korean exchanges from its calculations of digital currency rates without any warning  resulting in a steep drop in all virtual coins they track.
[TGT] shows real-time prices and market capitalizations for more than 1 300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges  where virtual currencies trade at a wide premium  sowed confusion and triggered a broad selloff.
Market participants said  [TGT]removed data without any explanation from three of the largest South Korean exchanges: Bithumb  Coinone  and Korbit.
 [TGT]was not immediately available to comment on  [TGT]  move.
Traders said XRP was the most severely affected by CoinMarketCap’s removal of South Korean prices because it was trading at a 50 percent premium in that country.