By regulations, The market falls
By the time this article is written, the cryptocurrency market is quoting 292 billion dollars and the main assets have average lows of 25% in the last 24 hours.
Bitcoin, after having passed the mark of USD 20,000 in December, today quotes USD 6,158 according to the CoinMarketCap price index. Ether, Ripple and Bitcoin Cash are not exceptions either, the latter are now trading 596, 0.60 and 788 dollars at the time of writing.
These falls are definitely the biggest so far this year and probably due to China's new regulatory policies, which prohibits access to national and foreign exchange houses within its territory. In addition, the prohibition of some international banks on buying cryptocurrencies with credit cards also plays an important role.
It is not known how long this decline can last, if it can continue or be corrected, as we have clarified on previous occasions, volatility is one of the most relevant characteristics of the ecosystem.
But at least for Bitcoin everything is improving with the lowering of fees for transactions and the implementation of Lighting Network that speeds up the time normally taken by transactions.
On the other hand, Tether, known as the criptodolar is an ideal currency for this type of situation, because its stability characterized by being a "replica" of the dollar keeps it out of these turbulences that the ecosystem experiences, in fact, it is the option for the one that many are opting in addition to the change to fiduciary currency, which of course is the most common in these situations.
Of the rest, only two cryptoactives have risen according to the price index of CoinMarketCap, one of them is Xplay which has had ups and downs in the last week so now it marks USD 0.16, which represents a rise of 51% in the last 24 hours. The other one is SIRIN LABS whose value is now 1.25 USD and presents a rise of 7% and has not had stable movements in recent days either.