Bears Claw Cryptocurrency Prices Down to New Low

[vina humaidah]

Cryptocurrency markets are suffering from new lows on the first of February as nearly every digital asset is down 3-20 percent. Since the last week of December 2017, bitcoin core (BTC/USD) markets are seeing a continuous downward spiral not seen since 2014. At the moment BTC is desperately trying to climb above the $9K region at $8,950 but buying pressure is showing signs of some flat trade volume across the boards.
Last week digital assets were at a crossroads and many bitcoin traders expected either one of two scenarios — either the dumps were over, or markets would continue to slide in value. Trade volume has been weaker this week as global markets are only swapping $8-10Bn during 24-hour trading session intervals.

[JRM-0309]

this is the impact of banned bitcoin in India and this price reduction occurs after a statement from Indian Finance Minister Arun Jaitley. Jaitley's remarks raised fears of an increase in virtual currency-related regulations in India. more or less like that I know from some media.

[Mattias357]

Cryptocurrency markets are suffering from new lows on the first of February as nearly every digital asset is down 3-20 percent. Since the last week of December 2017, bitcoin core (BTC/USD) markets are seeing a continuous downward spiral not seen since 2014. At the moment BTC is desperately trying to climb above the $9K region at $8,950 but buying pressure is showing signs of some flat trade volume across the boards.
Last week digital assets were at a crossroads and many bitcoin traders expected either one of two scenarios — either the dumps were over, or markets would continue to slide in value. Trade volume has been weaker this week as global markets are only swapping $8-10Bn during 24-hour trading session intervals.

I think that this situation is due to the negative news background. Representatives of Bitfinex and USDT was summoned to court. Obviously for Bitcoin is bad. Maybe it's just market manipulation to buy Bitcoin at a low price.

[Everglow]

Simply in this crypto market, everything can happen  

[Cryptocollecter]

it seems every week a new country starts regulation or makes a statement,the governments are trying to suppress crypto.
This will fade and the market will come back,just a small bump in the road.
Grab some great bargains and remember to take profits when the market soars again

[Googlegenius]

Most likely because kther bitcoin owners are panic selling right now because of the fud that is being created by financial institutions. Lets just hope that incthe next few months the bull will prevail.

[tiggytomb]

I think we picked up a lot of new users the tail end of 2017 and many of those possibly not too familiar with crypto and the massive dips that can occur, couple this together with negative media and regulation stories these new people would be easily swayed to think the sky is falling and they need to get out now even though they would be making a loss.

Not entirely but this has to play a small part in it?

[Kryptonitka]

I also think that this is all the influence of the news background. There is not much good news, basically the last month we hear one negative in the direction of crypto. Many people panic on their panic, but I think that this will all go away and bitcoin will start updating new peaks, and altcoyins so will follow him.

[JuliaJi]

If we looked at last years experience we will see that it is normal situation and all time February was hard for crypto markets! Need to dont panic! Keep calm everything will raise!