Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Here is my personal view on why crypto has been very volatile lately.
1. Government around the world is on full attack on crypto.
2. South Korea, who has been a hot bed on crypto suddenly announced that they will ban it (FUD). Causing the price to crash as well.
3. Bitcoin future contracts. CME and CBOE seems to have a negative effect, specially when they are about to expire.
4. China wants to stay relevant. They have been releasing statements lately that is not clear which resulted in massive FUD.
So with that said, we can't really took off as the market is bearish and the price is going nowhere. There's a lot of bearish sentiments, that's why investors are indecisive, its like they are playing the waiting game.