On monday 4-09-2017 I observed a downward trend in the value of cryptocurrencies and I was wondering what could have been the problem.
I guess the experienced it might seem normal or like some would put it, it is expected to at certain times, but for me who is just a few months old in area, that observation seemed very usual because my experience so far has been to see some go up whiles others go up.
So today I decided find out what caused this
MY FINDINGS
I discovered that Chinese central bank has banned ICOs. This created some panic in the crytocurrency space.
But how long will this last?
In opinion I dont think it will take too long, they have survived several years and am sure will survive this one too.
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