BlockchainNews reported that the comments of Daria Generalova (Managing Partner at ICOBox) that “I believe there are several reasons for the latest market collapse. First, there was a massive cryptocurrency selloff, which was partly related to the news of the hardfork of Bitcoin Cash.” The November 21, 201 report entitled “A Review of this weeks Market Collapse, this was one of the Most Dramatic Daily Selloffs in The Entire Year” included these comments:
It’s been a rocky week in crypto land. This week the crypto market took a deep nosedive, losing $26 billion – a staggering amount by any metric.
This was one of the most dramatic daily selloffs in the entire 2018. Bitcoin, which remained exceptionally stable in August-November, suffered a drop of more than 11% over a 12-hour period.
This unexpected fall in the BTC rate created a domino effect for other major cryptocurrencies.
The market is yet to bounce back.
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