Tell you the truth, I am not sure. But I am guessing mid Feb is the time for the change in market (chinese new year being on 16th of Feb)
Bitcoin and cryptocurrency were having some real bad time and real bad news in the past month. Combining those with chinese new year (were the market is always low) and you have a dangerous poison.
The social network said it will impose a blanket ban on all ads for cryptocurrencies, including bitcoin and ICOs. The company says it wants to stop people promoting “financial products and services frequently associated with misleading or deceptive promotional practices.”
2. Bitfinex and Tether being investigated
The controversial dollar-pegged cryptocurrency Tether and associated exchange Bitfinex have been subpoenaed by the US Commodity Futures Trading Commission (CFTC). Skeptics have for months raised concerns about Tether, and its lack of currency reserves. Some analysts suggest tether is a “ticking time bomb” that could cause the price of bitcoin to collapse.
3.South Korea has no plans to ban crypto trading
Contrary to speculation, South Korea is not about to ban the trading of cryptocurrencies, the government’s finance minister said Wednesday. This will be welcome news for investors who feared Seoul could follow China’s lead and ban trading completely.