The causes and effects of the decline of the bitcoin digital currency against the SBD currency

halo steemian
how are you today, have you seen the nominal amount of bitcoin currency exchange today?

lately the bitcoin currencies have increased and decreased erratically, some news to mention this happens because of the many countries that do not allow this one currency.
the cause of the decline was caused by investors monitoring the warnings from a number of regulators and increasing crackdowns on the virtual currency market in China.

Earlier this week, authorities in China reportedly planned to block domestic access to Chinese and foreign virtual currency platforms that allowed trade to be centralized.

image source : bitcoin.com

and the observation of the amount of today's bitcoin currency exchange rate occupied $ 9183 USD

what is the impact for the sbd currency?

seeing bitcoin is the highest digital currency selling value compared with other currencies, so if the bitcoin currency is decreased then other digital currencies will also decrease nominal.

so it can be concluded that the decline of bitcoin currency has a bad effect on the SBD currency for steemit, but this decline does not impact long, the possibility of bitcoin currency will stabilize again ..

so make the steemans do not get discouraged ok