South Korean selloff on crypto clampdown

After a brief day or two of recovery all cryptocurrencies except a couple were back in the red again during the Asian trading session. Bitcoin showed a strong rebound but failed to break resistance below $17,000 yesterday and fell sharply back to $14,700 where it currently trades. Likewise Ethereum, Bitcoin Cash and Litecoin have all slid back around 12% on average at the time of writing.
The cause could be a big selloff in South Korea following further regulation on crypto exchanges by the gove