All cryptos are going down rapidly. What is the reason. Where is the bottom?
Looks like we will have new opportunity to invest with low prices.
Nope. Its nothing but the huge number of MyEtherWallets that got hacked recently. The ETH is majorly affected and along with that people do have created the panic sell in the BTC too. Its happening with major currencies only and this is just FUD and nothing else. I am sure bitcoin will start coming back to the original rates as soon as people see the news fading away.
My conclusion is that : Those whoever hacked the wallets might be dumping the ETH heavily and as result other peoples are following the same so that they wont loose the money.
the news of this spread more MEW but I think his influence is not great. all the coins have started to come down and start making enough to worry. just maybe this could be getting worse if it started to panic and start selling what they have.