As you are all aware, this week the market experience a fall of around 10% in prices for major cryptocurrencies. The reason for this dramatic drop in prices are multiple, but it is my hope to enlist them below and start a discussion.
It is said that the US Securities and Exchange Commission (SEC) announcement about ICOs platforms and the possibility of forcing them to register is one factor to take into consideration. Second, Japan’s FSA recently suspended two exchanges and penalized another four, which caused a bit of panic among the [Suspicious link removed]munity. Last but not least, rumors started running across Redditt that Binance was being hacked. All these situations caused the cryptocurrency prices to go down by 5-15% on average.
To explain this a bit more, take a look at this video that easily explains what exactly happened this week
https://cryptocoin.news/news/altcoins-this-week-why-cryptocurrency-prices-went-down-blockchain-legislation-in-russia-and-much-more-8714/Feel free to comment as well
Yeah , Here two to three reasons are that why bitcoin's and another cryptourrency market is going down .
The main reason the negative news about to ban trading and ICOs related ads by Google from June and second thing is the main reason I think because they are planning to make new rules about bitcoin and another cryptourrency use , most of the people are thinking that in G20 summit they will give a negative results regarding about bitcoin , so there are lots of chances that price can get dump much , so before coming any result many people are feeling panic and selling Thier all the coins that is only a stupidity .
In my opinion we all of us should hold our coins instead to sell Because these are much better coins to have in this time and also it is better time to buy instead to get into fear .
