Among the initial reasons for the fall we find several reasons. The first is that Bitfinex, one of the most popular exchange portals, received a subpoena whose motive has not transcended. Related to that is Tether, the cryptocurrency that maintains parity with the dollar and that is used as an intermediate currency so as not to lose value in falls like yesterday and today. Many doubt the real background of the currency and its value to trade with the dollar.

Other news that has not helped is the prohibition to show ads of cryptocurrencies by Facebook (in addition to other elements such as bets). Many cryptocurrencies are also falling that arise as scams with Ponzi schemes, such as BitConnect or My Big Coin. South Korea recently commented that they will not prohibit the exchange of cryptocurrencies, but they will regulate it. The Minister of Finance of India announced that they are going to carry out an offensive against the illegal activities that exist around the cryptocurrencies, which some media took the opportunity to affirm that they were going to be banned in their entirety in the country.

All this comes as a result of the maturation of the cryptocurrency market, which will receive more and more news of regulations from various countries, which will not help its price rise soon.