Cryptocurrency maniacs expecting the value to bounce back, but we have to wait and see what the future has for us. You probably are wondering what is causing the growth or in this case the slide?
The truth is that no one can be blamed for Bitcoin current downturn, however, recent changes around a subpoena for Bitfinex and issues around Tether (a type of cryptocurrency counterpart to America dollar that actually matches the dollar one to one). There is also news that Facebook and Instagram would ban ads for Bitcoin and other crypto coins. It seems like everyone is taking a side here and these decisions impact Bitcoin and its value.
Bitcoin, Ethereum, and Litecoin, and other popular cryptocurrency have also looked less responsive to good news in January this year when compared to the news during December and 2017 Bitcoin madness.