It is unclear what exactly caused this big dip in the cryptocurrency market. Nevertheless, cryptocurrencies are notoriously volatile, and have suffered similar crashes lot of times previously. Vijay ayyar, head of business development at cryptocurrency exchange luno, told cnbc: "the market has actually added a fair bit total, and it's most likely cooling down before the next leg up. "there has actually likewise been a wider stock exchange dip, which might be impacting all risk-on assets.
