Hey guys! I'm sure everyone's noticing the drop in the cryptomarket. Is there any particular reason for this? Is the bubble actually popping. I've heard that supply and demand, selling more than buying are like the main reasons for the market to drop. Even google announced that they ll be banning the ICO and crypto related ads.
What do you guys feel about the whole scenario right now?
The news about Google was able to bring down the whole cryptocurrency market prices within these days. That information created is a serious fundamental impact on the overall market. Though within the period mentioned so far something can happen that can counter the whole situation. As we are talking now the prices have started recovering.
I don't think only Google has affected this drop in the market. Especially since Google banned advertising in the recent past, and the market went down even earlier.