Prices of major cryptocurrencies crashed last month. Regulatory actions, tax concerns, ban on marketing by tech behemoths, and mining costs have all played a role.

Legends in Silicon Valley are still backing the phenomena. The tech will survive, exponential returns and astronomical prices won’t.

It has been less than a month since I published my views on SEC and CFTC’s early regulations on the crypto market. In that article, I argued: “…

crypto markets currently are rigged and have a lot of ‘bad actors’. Whether they are dubious exchanges, market manipulators or highly leveraged speculators, any threat of regulatory oversight makes them nervous.

This nervousness results in them cashing out of the markets in a hurry, thereby punishing even the honest market participants.” (Source: TradingView, Exchange: BITFINEX, BTC/USD) (Source: TradingView, Exchange: BITFINEX, ETH/USD) (Source: TradingView, Exchange: BITFINEX, XRP/USD) The charts above show what a disastrous month March has been for major cryptocurrencies. Read more from seekingalpha.com…

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