Reported by nytimes, there are 5 reasons why cryptocurrency prices are plunging again:
1. Relying on unregulated infrastructure and exchanges is risky;
2. Regulators are cracking down;
3. Cryptocurrencies are managed by communities of developers, which can get messy. For example, BCH's hardfork, BCHABC and BCHSV, are causing chaos in crypto market;
4. ETH and other cryptos encounter difficulty in their network, making their tokens hard to be used in the reality world.
5. Many central banks might issue digitial currency, posing a threat to the non-government tokens.
Take part in the poll on Twitter:
https://twitter.com/CoinNessCom/status/1065135686410416129Maybe the only thing that would make it go up again is the most awaited ETF. But I guess it needs more time to happen because I think the market is being manipulated.