What caused the crash in the crypto market? | Sommy Increase' Blog - Sommy Increase' Blog

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Sunday, 11 February 2018

What caused the crash in the crypto market? | Sommy Increase' Blog


Image result for HD IMAges of bitcoin


Earlier this year there was a big crash in the Crypto World, many investors left the business thinking it to be fraud, while many others thought it was time for the business to crash like the others. Crypto has indeed proven that it has come to stay, here are some of the reasons that caused the sudden crash in the Crypto Market.


• FUD
Negative press has a big role to play in the way the market moves. When FUD starts flooding the media, the price usually takes a dive. Bitcoins is the new, unprecedented financial instrument and investors in this hitherto untested asset are quick to pull the trigger and get out. https://goo.gl/xZGx9g

• Government crackdown
As several countries, notably China and South Korea, target a crackdown. The Korean crackdown was a paper tiger and debunked by the Countries highest authority, but bad news leaves its mark on such a speculative market. https://goo.gl/EeuW8U

Also, the Indian finance minister’s crypto regulation-related comments in a budget speech that accelerated losses. https://goo.gl/V8JWCV

• Correction?
Some experts think that a correction was bound to happen. https://goo.gl/EhCqWs

“The space was ripe for a correction after the craziness of the end of 2017,” Catalini, an assistant professor of technological innovation at the MIT Sloan School of Management said.

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