It’s another one of those brutal red days in crypto land.
Seems to be a lot these days.
I’ve written about it recently here, here and here.
So what’s going on today?
BTC just dropped below 5k for the first time since October 2017.
A couple possible explanations for the bloodbath.
One is the SEC and that fact it has started to pursue actions against former ICOs.
You also have the SEC looking into Erik Voorhees and Salt Lending.
So the SEC action is making the market nervous.
Institutions as well.
Deloitte Consulting Chief Linda Pawczuk recently came out and said that all the bad crypto headlines were making clients nervous.
Board member of major companies don’t want to be associated with the bad actors of crypto.
And of course the recent BCH hard fork could still be impacting investors. It’s still not clear yet which chain will emerge the winner.
Keep hodling!!!
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