📌It started with celebrations of Christmas and New Year all over the world. Many traders began to withdraw their funds for gifts, holidays etc. That triggered the start of the correction.
📌Several large exchanges closed registration for new users – one by one. To put it mildly, that looks a lit bit weird.
📌The major role was played by Korean news about the cryptocurrency ban. In fact, someone just mentioned about the intention to do it – and the wide resonance was the result. The news were spread by the media, the panic started and the rate began to decline.
📌The were also some news about another regulations for trading and mining in China.
📌One month ago, there was a start of futures trading. Now monthly contracts are closing to the end. Lower the prices on exchanges are for the moment – more money exchanges will raise.
📌A lot of people will gain profit from the fall of Bitcoin. Guys from Wall street are among them. The auctions are going to start there soon – and no one wants to buy anything for a high price.
Such a situation always happens at the start of a year. And every year it is followed by significant growth. 📉
So, no panic, guys!🙌 The market will storm for a little bit, but after the rates will grow higher than ever. More experienced traders have already purchased coins for the cheapest prices.