The bitcoin rate continues to drop. Over the past 24 hours, its price has fallen by 14%, and the most rapid drop was in the last hours. So, in just 2 hours the bitcoin rate dropped from $ 13,277 to $ 11,442, after which it rebounded slightly and returned to $ 12,000. The last time at these levels, the currency was traded in early December, but then its rate moved up against the approaching launch of futures on sites CME Group and CBOE.
Bitcoin Price Chart
Probably, the enthusiasm of traders was cooled by the actions of the regulators of China and South Korea, which recently focused their efforts on combating speculative trade and fraud.
It is worth noting that most of the coins lost a lot today.
Top Ten Coin Price Chart
One of the users of the Reddit forum suggested that the current collapse of the cryptocurrency is due to the fact that Chinese crypto investors are withdrawing assets to the Fiat in anticipation of the New Year celebration for the lunar calendar.
He draws attention to the fact that over the last four years, three weeks before the Chinese New Year, the crypto-currency market has experienced similar crash courses. In 2018, the Chinese New Year is celebrated on February 16.
There is also an alternative version, aliens included.
— UFO Today (@CryptoKong) 14 января 2018 г.
Cryptocurreny overall marketcap dropped to $ 0.6B.