Post
Topic
Board Altcoin Discussion
Re: Reason for Crypto Bears
by
etin06
on 22/06/2018, 18:58:08 UTC
From bitcoin.com I came to know that the prices start to decline after Japan's Financial Service Authority (FSA)  told the exchanges that they need to upgrade their systems and anti-money laundering procedure. Do you think this reason causes the Crypto bear to come back.

Source: https://news.bitcoin.com/markets-update-cryptocurrency-prices-tumble-before-the-weekend/

Yes the price actually began to decrease after the announcement, sincerely speaking upgrading anti-money laundering project is not a bad news that could make market to go bearish.