End Of the Crypto markets?

It has been 3 to 4 days since I woke up and opened my investor friends’ messages who have been regularly investing in cryptocurrency. All I could read was all of them complaining about their portfolios losing their value by more than 10% and their faith going away from cryptocurrencies. All these complaints put me to wonder that what happened in the world that caused a massive fall in the complete crypto-currency market After a lot of research I found 2 major reasons which have caused even the Major Cryptocurrencies to lose their value:

The Kazakhstan Protest: With the rise in fuel prices by the Kazakhstan government it had led to violent protestors entering the streets. It took only a few moments before violence took place and several protestors got killed. Due to this violence being caused the Kazakhstan government shut down the internet services.

Within a few minutes, all the Bitcoin miners in Kazakhstan who form up to 18% of the total miners in the world had to close their systems and stop mining due to no Internet connectivity.

With this massive outrage, all this led to a massive fall of the cryptocurrency markets, resulting in a loss of wealth of several investors who put their money in Crypto. Another Major reason has also led to the fall of the Crypto market and which might even affect the market in a long term. Stay tuned with our blogs to stay connected with all the financial happening going around the world.