The cryptocurrencies market has been hit hard by the recent negative news, which has led to a sharp decline in the exchange rate of coins, which has dropped by nearly 30% since yesterday. This time if you are holding any cryptos, you should be calm because the rate cut is only temporary because the market will grow strongly again in the next week.
The government's prohibition of Bitcoin meant that it would be difficult for Bitcoin trading to become a trend, as everyone invested in Bitcoin for the huge profits it made. The government fears Bitcoin will affect the economy so there have been acts that banned the Bitcoin deal, but only direct transactions, and now everyone on the trading platform to trade so it does not violate the law.
Bitcoin has a lot of downsides because Bitcoin has only a limited amount of 21 million coins so its rate is very high. But when trading, the average fee level between the trading floors is always high. And the waiting time for confirmations for each transaction can be up to 2-3 days to be successful. And it can be seen that Bitcoin is dominated by the news as well as large organizations and businesses around the world.ß
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