The price chart resembles the battlefields, the red arrow is continuously raining. Since the beginning of the year, Bitcoin has fallen by more than 50%, which is cutting more than $ 100 billion by market capitalization. At the time of writing, Satoshi's Digital Gold trades at about $ 6,400 per coin, which some analysts have estimated at the beginning of the year that there is a lot to cry from $ 100,000.
And this is not just bitcoin.
For example, after the highest time recording time of more than $ 1,400 in January 2018, ether has fallen equally. Last month alone, Ether has shed nearly $ 11 billion in market cap (this is equivalent to 55,000 Lamborghini Huracan). Rpal's XRP, which comes close to $ 4 per unit once, has also become a victim of gravity, which has crashed 90% by the top of January.
It is difficult to pinpoint a reason for the fall, and some coins are already booming in the beginning of this week. Here are some factors that market observers believe can contribute to the crypto massacre.