There are two key factors affecting Bitcoin, which have triggered a recent sellout. Bitcoin has never been relieved of its involvement in money laundering and terrorist financing, and that connection was once again referred to by IMF president Christine Lagarde as she urged home. Managers around the world attacked bitcoin for this reason. At present, Bitcoin is just going down, not completely broken down. The second offender behind the bitcon depreciation is causing more anxiety for investors. Google has followed Facebook in prohibiting pre-encoded ads and ICOs. Makes pre-coding lose value.
What is your opinion?
I am not really sure about this thing but all I know is that the market value of a crypto such as bitcoin is dependent with the demand. Suc h that whatever is happening to the demand will be reflected to the market price of it. So maybe, the demand in the market is low at this moment, making the market value of Bitcoin to go down or to fall. Patience will really be the key on situations such as this.