The crypto market fell below the terrifying $ 6,000 mark, then continued to run down the threshold of $ 5,500 - $ 5,600 and at one point broke through the important support level of $ 4,000, falling straight back to $ 3,800. This is the strongest decline since September 2017, a time of great regulatory uncertainty and little development in the industry.
Unlike previous failures, the market is currently being affected by what appears to be "anonymous unknowns". The random effects of irrationality and subsequent panic dread are exacerbated by events like the SEC ruling and hard forks.
At this point, having gone through so many "demons", the notion of Bitcoin and cryptocurrency slowly falling into obscurity is ridiculous. Conversely, the recent slump following its phenomenal highs in 2017 teaches those who want and will become investors an important lesson: the market is new and confusing.