So almost all kind of Cryptocurrencies have been crashing since the last 24 hours. As I type, BTC is under $12000 and others are seeing anywhere from 5 to 25% decline.
BUT DONT WORRY - THIS HAPPENS EVERY YEAR IN JAN
The reason for this seems to be the Chinese New Year. People want to buy expensive gifts. Hence the selling will happen. Every year in Jan - see the chart below
This chart was uploaded on twitter by Yaser and is self explanatory. I did some digging on CoinMarketCap and had these results
So i guess we can all keep calm and let the time pass :-D
You can thank me later :)