You are viewing a single comment's thread from:RE: Cryptocurrencies have dropped 11 percentView the full contextView the direct parentmooncryption (62)in #cryptocurrency • 7 years ago The price drop is due to new Chinese regulation regarding ICOs and Cryptocurrencies (see this post).
This is also correct but not the entire aspect
That's right, there are many factors that went into the drop. One of them was a huge sell-off that occurred when Bitcoin neared $5000. Another was the Chinese ICO announcement, which mainly affected altcoins but also pushed the Bitcoin decline.