Depression in the crypto-currency market. Bitcoin fell below $ 8500

Bitcoin continues to fall - on the morning of February 2, its rate on most of the currency exchange declined below $ 8,500, the weighted average rate according to Coinmarketcap is $ 8,280 at the time of publication. Thus, the bitcoin rate fell by almost 59% compared to the record value in December 2017.

The drop occurs against a background of a number of negative news - reports of the intentions of a number of countries to deal with tight regulation of the turnover of crypto-currencies, the ban on advertising of crypto-currencies and ICO in Facebook and information about similar measures on the part of Google, as well as information on non-transparent activities in the Tether project, which is suspected in the release unsecured USDT tokens, which must nominally match the US dollar.

At the same time, a larger drop is observed on the exchanges trading pairs against the Korean won and the Japanese yen, which is more likely to suggest a panic, which Asian investors give in just as easily as the euphoria that pushed the bitcoin up a couple of months ago.

The fall also affects the rates of other crypto currencies - virtually all of the top 100 crypto currencies show a decrease of 20% or more, with Ethereum also showing a stable 25% drop yesterday.