Coindesk News
News from China has sent us into the depths, usually, such news should no longer affect the market value, but after the shuffle of the market and good planning, such things can happen. China wants to ban all cryptocurrency exchange in the country, From what I understand trade between people is still legal and possible.
In addition, South Korea is testing the possibility of stopping Cryptocurrency exchange because of the great arbitrage that was there on two stock exchanges which are now investigating.
This is not the first or last time there are such declines.
The good side of the story is that every time China took us down the Bitcoin went higher after that. In such period the best thing to do is to be calm and not make mistakes of beginners and sell.
Good luck to all and for more greener days :)
@KingDavidHarp
Trader & Investor