A list of recent factors that may have contributed to the latest cryptocurrency price plunge (not in any particular order):
Synchronicity with U.S. tech stocks (FANG, or rather FAANG) selloff.
https://www.reuters.com/article/us-usa-stocks-idUSKBN1961D7Scaling debate. Ante upping, dustup between BitMain's SegWit2x UAHF and BIP 148 UASF advocates.
http://www.coindesk.com/game-of-bluffs-with-bitmain-plan-bitcoin-scaling-becomes-digital-missile-crisis/Latest salvo of the establishment's war on cryptocurrency.
A) U.S. Congress "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017” SEC. 13.
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5B) Head of Bundesbank suggesting that digital currencies could potentially make financial crises more devastating.
http://www.businessinsider.com/jens-weidmann-warns-on-risks-of-bitcoin-2017-6Bot wars. Bots doing what they do best. Sell high, buy low.
Bitfinex issues with DDOS IOTA wallets.
https://cointelegraph.com/news/bitfinex-undergoing-ddos-attack-iota-wallets-temporarily-unavailableTypical retreat after a record run.
Reaction to the possibility of the 'flippening'.
The evolving legal saga between former customers of now-defunct Cryptsy and Coinbase.
Congratulations @bigmo! You have received a personal award!
Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.
For more information about this award, click here
Congratulations @bigmo! You have received a personal award!
2 Years on Steemit
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @bigmo! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!