I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.
Why? We had some bad news going out recently.
First and most notable, U.S. regulators send subpoena to Bitfinex and Tether. This is probably due to Tether lack of public audits since they recently announce that their relationship with an auditor has been "dissolved". Why Bitfinex? Because they are the biggest exchange that use USDT. Secondly, SEC filed a lawsuit against a scam $600m AriseBack ICO. This isn't necessarily fundamentally bad though, just a bad publicity for crypto. And the latest one: Facebook banning crypto ads.