According to the analysis some experts say that the cause of this freefall Cryptocurrency or coin may not be due to a burst of bubble, but because, Ahead of the Chinese New Year, new Regulations in Germany, Punishment for Cryptocurrency traders in South Korea
Yes, as we know that there are lot of reasons why it goes down, first the investors withdraw their investment especially in bitcoin it can affect the market, second some countries ban cryptocurrencies thats why they withdraw, and 3rd the deep correction of the recent prices thats the main factors I guess.