Global regulatory storm struck, cryptocurrency market continued to shrink

[cortanababy]

The bear market in the digital cryptocurrency market continues. The global market value of cryptocurrencies has shrunk severely. Since June 22, the market has evaporated 46.7 billion U.S. dollars in two days, and the current downturn has not eased. The turmoil in the market has caused a large number of investors to sell their currencies or wait and see, which seems to make the government's supervision of cryptocurrencies firmer.

The debate on ICOS has never ended. Some countries regard it as an illegal fund-raising. Some countries have legitimized it, the needs behind the interest drive, and ultimately they serve the government. IQCS is not good or bad, and it is ultimately legalized. Different countries have different time courses. China, Pakistan, Thailand, Kenya, South Korea, Australia and Japan all began to strictly monitor ICOS. Before the introduction of a policy compliant with the cryptocurrency market, many countries had already stopped the cryptocurrencies traded by domestic financial institutions or banks, including countries such as India, Ireland, and Zimbabwe.

Until June 24, and in the market value of TOP10 in the global cryptocurrency market, a 4.05% drop in BTC-Bitcoin led other currencies to continue downwards, with EOS and cardano ada coin falling by 13.61% and 9.47%, respectively the largest currency. Bitcoin is expected to fall below $5500, so that other currencies are considered to be in decline.