Recently Korea prosecutors raided UPbit, one of the largest crypto exchanges in the world. They suspected possible transfer of customers crypto assets into executive's account.
Facts :
This means korean Govt/Regulators are protecting consumers. At least their intention is.
People are moving funds from UPbit to other exchanges. Counting the bank holidays, it should reflect in the market from Monday onwards.
Tuesday onwards the biggest blockchain conference is about to kick in . Nearly 8k attendee will gather in NYC. People got bargain priced alts+btc right before the conference .
Market tanked irrationally, but hey this market was never rational also . My eyes on the coins that announces major happenings in conference.
Just because market tanked doesnt prove the sale pressure or overall market sentiment.
Happy steeming.
Photo : coindesk