Apparently, for the last 3 years, January was the worst month for Bitcoin because of the Asian lunar new year. here.
I'm not 100% if that's enough data to call it a pattern but it's a reason non the less.
More likely it has to do with the shutdown of the platform Bitconnect.
They have given loans (BTC) back in BCC tokens based on a 15 days average of the closing price registered on coinmarketcap.com.
But considering the value of the token has dropped to $15 in a day while it was worth hundreds before this is clearly not a very good deal.
It does make one wonder what they will do with all the BTC they are sitting on.
I guess that is one of the reasons for panic and drop in BTC price.
And as always. As BTC goes down it drags the rest with it.
Steemit account power-down.
The Steemit account powered down 5.4 million STEEM. I did ask around for the reason and I was told not to worry.
So I did not. I trust the team.
3.5 million went to @misterdelegation to support different projects on the Blockchain. @misterdelegation now has a total of 10 million STEEM.
That's great!
Here you can see all the delegation.
1.8 million is still liquid in the steemit2 account.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
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