bad week for crypto traders

in vincentb •  7 years ago 

ten of the largest cryptocurrencies are all posting notably large declines,nine out of the ten have dropped lower than 9% over the last 24 hrs.The worst performer in the group has been cardano ada price ,which is down 16% from this time yesterday to 49.8 U.S cents.The overall sell off of cryptocurrencies is most likely due to South Korean regulators officially banning anonymous crypto trading in the country on Tuesday this may be the first of many bans to come .China ,Japan the United States and the United Kingdom are all believed to be planning similar moves .This will not be good for traders .Also Facebook announced today that it will ban adverts that are promoting crypto ,initial coin offerings or binary options.the ban has come into effect immediately and covers instagrams platform as well .Crypto currencies have taken another blow how long for is anyone's guess .At the end of the day we have great buy in opportunities ahead thanks Deni

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if it doesnt show good improvements through feb and march, crypto is dead i think.

hi thanks for the reply i think once we get passed all the negative it will recover hopefully when Chinese new year finishes it will be ok

Hello, nice post bro.

cheers bro follow and upvote i have started following you ,hopefully crypto goes bullish soon we all need some green weeks after feb 16 i believe things are looking positive