Bitcoin, Ethereum, Ripple, Cardano, Litecoin and the Entire Cryptocurrency Market Continue to Suffer Major Losses, Here’s Why

bitcoin ethereum ripple cardano litecoin and the entire cryptocurrency market continue to suffer major losses heres why



The cryptocurrency market has lost over $100 billion dollars overnight and Bitcoin (BTC) and many altcoins have lost close to 40% in value. Many new cryptocurrency investors have begun to panic and are frantically searching for an explanation. The chart below depicts a trending sell off the past four years around the ramp up to the Chinese New Year.

Source: Imgur
Asia is still dominant in cryptocurrency trading by volume, accounting for a large majority of money flowing in and out of the market. The Lunar New Year rings in exactly a …
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