Here are some explanations why crypto currency have been crashing
The price chart resembles the battlefields, the red arrow is continuously raining. Since the beginning of the year, Bitcoin has fallen by more than 50%, which is cutting more than $ 100 billion by market capitalization. At the time of writing, Satoshi's Digital Gold trades at about $ 6,400 per coin, which some analysts have estimated at the beginning of the year that there is a lot to cry from $ 100,000.
And this is not just bitcoin.
For example, after the highest time recording time of more than $ 1,400 in January 2018, ether has fallen equally. Last month alone, Ether has shed nearly $ 11 billion in market cap (this is equivalent to 55,000 Lamborghini Huracan). Rpal's XRP, which comes close to $ 4 per unit once, has also become a victim of gravity, which has crashed 90% by the top of January.
It is difficult to pinpoint a reason for the fall, and some coins are already booming in the beginning of this week. Here are some factors that market observers believe can contribute to the crypto massacre.