Hello Steemit today I give you three reasons why prices cryptocurrenys lose value.
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1 India.
The finance minister announced that Bitcoin is not legal and acceptable currency in India.
"The government does not consider a legal tender or coin for cryptocurrencies and will take all measures to eliminate the use of these crypto-assets in financing illegal activities or as part of the payment system."
2 Facebook
Probably, the information regarding the ban on advertisements related to cryptocurrencies on Facebook also contributed to the "correction" on the market. The ban has a very wide application, but in time it is only meant to be targeted at fraud related to cryptocurrencies.
3 Hackers
On Tuesday, hackers continued his hacker attack on Coincheck, during which NEMs worth over USD 500,000 were stolen. Hackers began transferring stolen coins to exchanges to make them cash.
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