Also a great few things to keep in mind THE MARKET IS DOWN BECAUSE:
1.)India is on the verge of an all out crypto ban! However they welcome the blockchain technology and see the potential. They still see cryptocurrencies as scams, trash, a threat. You take a pick at why they wouldn't want them regardless to them if they don't want it then its as simple as that.
2.) South Korea just ended its anonymous trading on the 28th of January there's AN ENTIRE COUNRTY trying to get verified on the local exchanges. I'm sure that the traffic might cause that money to be gone from the market for at least a couple weeks! (Keep in mind South Korea is one of the biggest participants in crypto along with Japan)
3.)SEC is imposing new regulations and having whole hearing dedicated to crypto's soon and new regulations always impact the market negative. (I know the last one wasn't as big as the other two but I felt it still held a place here)
If you enjoyed this please checkout my breakdown video:
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