The entire cryptocurrency market is going through a devastating correction today, on January 16, for the first time within the past few weeks. Each of the first ten virtual coins, listed on CCN states, there is no guarantee that particularly this regulatory pressure fueled the fall on the crypto market. Instead, it could have been triggered by the sharp rise in the market valuation of most digital coins within the limited time. It is not the first time when the market experiences such decline, so there is hope that it will come back to norm within a few days.
Table Source: coinmarketcap.com