On Friday, the cryptocurrency market halted its decline somewhat, and we see attempts to develop a corrective movement in major cryptos.
The cryptocurrency market continues to move in the frame of the global bearish trend, amid increased fears associated with a severe tightening of industry regulation, which could lead to an even greater reduction in many inflows.
After a small technical correction, the cryptocurrency market expectedly resumed its decline.
The cryptocurrency market continues to decline on reports of a possible tightening of regulation, which may further reduce the amount of investment and the interest of traders in the market.
On Thursday, the cryptocurrency market got under pressure and is actively falling amid appeals from European financial regulators to take additional measures to protect users from the risks associated with the cryptocurrencies.
Over the past 24 hours, Bitcoin continued to lose, dropping from $ 4,900 to $ 4,280, which is more than 12% amid a sudden and rapid fall
Bitcoin Cash hard fork seems to be the cause of the recent collapse in the cryptocurrency market, in particular the bitcoin market.