This seems to be a theme for 2018.
You check CMC, and all of a sudden the whole market is down over 10%. It’s happened a few times already this year.
And as you can see from the chart below, today is one of those days. Every coin in the top 50 is down.
Let’s see what’s going on.
I’m seeing lots of articles with the words plunge, plummet, carnage and crash in their titles.
And in fact we may be in one of those as bitcoin (BTC) has broken the significant $5,800 level.
Coindesk wrote about it, but offered no reasons why.
Some theories…
This article say its from tax selling.
Another article blames the combination of bad press, inadequate security, and more stringent government regulations.
Others speculate it’s from the upcoming BCH hard fork, which if you’ve been keeping up, is a shit show.
The other rumor is that this was somehow caused by Binance doing server maintenance.
Only time will tell.
Get your bids ready.
or Abra
and trade cryptos on Binance and Bibox...
And delegate SP with MinnowBooster