I think there are several reasons for the big drop in January.
The first is the fact that South Korea has a real-name account, so the south koreans did not have a real-name system in the early days, leading to panic.
The second reason is that the Indian government is planning to ban bitcoin (FUD).
The third is the Chinese government's intention to further restrict the trading of cryptocurrency markets.
The fourth is facebook's ban on ICO advertising.
Topic: Decrypt black January of digital currency market (Read 67 times)
For cryptocurrency investors, January is really a month to forget.
Most currencies in the market have fallen, especially bitcoin is heading for the strongest month since February 2014. An increase in control of one of the world's largest digital exchanges with the ban on digital advertising and ICO on Facebook has had some negative impact on the market.
In total, bitcoin fell 29% in January. Competitors such as ripple and litecoin also dropped 45% and 29%, respectively. In contrast, ethereum increased by 47%.
Most currencies in the market have fallen, especially bitcoin is heading for the strongest month since February 2014. An increase in control of one of the world's largest digital exchanges with the ban on digital advertising and ICO on Facebook has had some negative impact on the market.
In total, bitcoin fell 29% in January. Competitors such as ripple and litecoin also dropped 45% and 29%, respectively. In contrast, ethereum increased by 47%.
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