I was just reading this on CNBC about the South Korea preparing a bill, that will ban all kind of cryptocurrencies from the exchange.

South Korea has huge user base, as reported "more than 10 percent of ethereum is traded against the South Korean won — the second largest concentration in terms of fiat currencies behind the dollar. Meanwhile, 5 percent of all bitcoin are traded against the won."

Which indicates that there will huge impact on all kind of crypto currencies and recent fall in Bitcoin price proves that.
I think, in coming days we will see further downfall before it gets hot again.

References from the article:
https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

Any thoughts Guys and Gals ?