The cryptocurrency markets plummeted on Monday following a report that the Chinese central bank had issued a blanket ban on initial coin offerings (ICOs). The bitcoin price fell 5%, while the ethereum price took an 11% dive. The altcoin markets fared equally as bad, with 91 of the top 100 cryptocurrencies declining for the day.
Bitcoin Price Slips Below $4,400
China’s ICO Ban Sends Ethereum Price Plunging
Altcoin Markets Bleed
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Source : www.cryptocoinsnews.com
Btc and alt correction were anyhow due, even if china ico ban did not happen, the correction makes way for next huge jump that the coins will make in future. Lets hope for the best
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