It's too panic. Anyone know what is happening and when will be situation become normal.?
There were three bits of negative news that came at the same time:
1) Facebook announced a ban of all cryptocurrency advertisements.
2) South Korea implemented tougher regulations on exchanges in that country.
3) Also, I think it was India that wants to crack down on illegal use of Bitcoin.
That third one is not really negative, but any regulation make everyone nervous.
These things all followed record highs which means we were probably due for a correction anyway.
