The prices of major cryptocurrencies, including bitcoin and ripple were lower on Sunday, while Ethereum eased after hitting record highs on Saturday.
Bitcoin was trading at $13,455 by 04:22 AM ET (09:22 AM GMT) on the Bitfinex down 4.79% from its previous close. That pushed bitcoin’s market capitalization down to $229 billion.
Ethereum, the world’s second largest cryptocurrency by market cap, was last at $1,320.90 on the Bitfinex exchange after peaking at $1,423.20 on Saturday.
Meanwhile, Ripple’s XRP token was trading at $1.85 on the Poloinex exchange, down around 10% for the day.
Cryptocurrency prices plummeted last Thursday following reports that South Korea may be preparing to ban all virtual currency trading in the country.