The price of cryptocurrencies has been down the last three years in January. What is the reason for this regular dip?
All cryptocurrencies were pumped before the holidays last year and January seems to be the month of correction. It's time for good news to pop up and move the market to the next level. Until then there is plenty of time left to strengthen our portfolios.
Agree. Apart from the point that bitcoin's price is down due to correction another thing is China will be in their vacation starting January till March, probably price may go up from April. China is contributing 75% of crypto market directly or indirectly even though there's a news that China have banned bitcoin transactions.