is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
Well in my own opinion I think its because of manipulation of the whales. That's why many people panicking and sell thier holding.
If you think about the fall of the crypto market in the past, we have had great percent falls in the market values of crypto like Bitcoin in 2013 and many other as well. This is not just the activities of the Whales but other factors like government intervention and banning the crypto in many countries is also a reason. Market imperfection is yet another reason and the concept can be used to explain why the market of cryptocurrency falls.