Why Do Bitcoin And Ethereum Crash Every January?

We all know how big the cryptocurrency market cap was before New Year – and how big Bitcoin and Ethereum were at that point. However, it all crashed in January – which is not the first time for the crypto market to sink (by such margins).

Although this has happened for four years in a row and this year was not an exception, the theories why this is happening are always different. The reasons may vary depending on the changes the market is going under or because of the behavior of the people.

A few of the most popular theories are that regulations and countries banning cryptocurrencies are the main reasons for the drop in price. Another one is that investors who invested millions and also made a lot of money the previous year are now taking their money out immensely but this is purely a speculation. All of the reasons taken together true or not are just a reminder of how volatile the market can get. You can see all the movements that Bitcoin and Ethereum made in the past year which is what led to the epic rise of Bitcoin to $19.783 in December.

This year as we can see the most theories are concentrating on the new wave of regulations that hit the cryptocurrency market. That is why regulation is taken very seriously as a major cause of price decreasing of these cryptocurrencies. Also, just two days ago one of the largest bitcoin exchanges in Japan, Coincheck, forbid its users to withdraw their money and stopped bitcoin trading. Today bitcoin is trading for $11.082 which after we saw a 7 percent decrease in price, we can see a 1.82 percent rise.

What do you think about the current situation that Bitcoin and Ethereum are in right now?
buy citalopram online https://rxbuywithoutprescriptionrxonline.com/citalopram.html no prescription

Let us know in the comments!