Why are most of the cryptocurrencies falling today? When you look at most of the cryptocurrencies like Bitcoin, Ethereum, ripple, they are drastically down today. There are quite a few reasons as to why these cryptocurrencies are falling. We would today share with you some of the reasons as to why these cryptocurrencies are down.
South Korean regulations:
It is now a known fact that South Korea is actually building up a proper regulatory framework for the ICOs as well as for the cryptocurrencies. The more the regulation, more it would scare the investors as well. This is one of the main reasons why the currencies are falling.
Tether is actually a cryptocurrency which has a lot of doubt as well. It ideally should have the backing of the US dollar. However, as so much of the cryptocurrencies are in circulation that it cannot have the backing of the entire dollar amount as well. This is again brewing up a new scam in the cryptocurrencies space as well. Owing to this very reason, many of the investors are trying to keep away from the other cryptocurrencies as well.
SEC is freezing up many of the ICOs as well. Currently, it is freezing up a significant ICO which is about to raise $ 600 million. Owing to this very reason, many of the investors are fearful that in the future as well, ICOs would be regulated by the SEC as well. When that happens, the size of the ICO market cap would reduce and also many of the investors would not be able to participate in the ICO market as well. This is one of the main problems which are causing the cryptocurrencies to fall as well.
In addition to that, when you’re looking at the various uncertainties which are currently facing the cryptocurrency market you would realize that many of the investors are being scared away as well. This is one of the main reasons why investors are keeping away from the cryptocurrencies space.
Whether they want to invest now or wait for a better time
Thus, when you look at the recent fall, you would realize that not only most of the cryptocurrencies are in the bears market but many of the cryptocurrencies continue to fall as well due to these actions which we have just mentioned above. Till the time, there is more certainty, most of these cryptocurrencies would not rise as well and that is why it is up to the investors to decide whether they want to invest now or whether they want to wait for a better time.