Two Japan's exchanges are being suspended
Recent decline in crypto prices was a result of 2 exchanges getting suspended for a month in Japan.
"The FSA(Financial Services Agency) made an announcement on Thursday that it has issued business suspension orders to two exchanges FSHO and Bit Station - effective for one month starting from today"
Shortly after our beloved Coinmarketcap deducted frozen assets of those two exchanges, we can witness this "beautiful" picture below (BTC graph for 08/03/18):
This is not the first time CoinMarketCap does such things, a few months ago some Korean exchanges were removed from mutual Market Cap on CoinMarketCap and that affected price as well.
What I want to say here that unfortunately, CoinMarketCap has a huge impact on cryptocurrencies prices, however they do not display fair or correct or even average price at the moment. Hopefully, in future we will have more platforms like CoinMarketCap and we will be able to observe a better price.
End of suspension forecast
Now in regards, to suspensions. It's important to understand (and I cannot stress that enough) that it is only a suspension (30 days) after complying with local laws and providing reports to FSA, those two exchanges will get back on track. You have to keep in mind that we are talking about Japan and I believe those guys will find a way to work with FSA on this one, after all running a crypto-exchange is one of the most profitable businesses nowadays. Crypto is not dying in that sense but a lot of people will try to interfere with progress, especially if their money is on the line.
At this moment I am only interested whether CoinMarketCap will add missing volumes from those two exchanges after the end of 30 days suspension. Because if they will, it will again affect the price and some profits can be made. So my suggestion will be not to miss that moment. Judging by CoinMarketCap's behavior they might just do it with no second thought)