CRYPTOCURRENCIES MARKET | LATEST NEWS AND INVESTMENT TIPS.

During the day of June 10 we saw a "slight" correction by the head of the Bitcoin jamb, which later took with him most of the Altcoins. (some of which show negative percentages still today) The reasons behind this fall seem to be many and now I will go to illustrate them.

First of all, NOTHING PANIC! If you are a real investor, you will know that the cryptocurrency market has accustomed us to these possible variations. After all, it is a market that is still developing and is evolving and changing every day more and more. It is not unusual for many positive and negative news to come to this sector every day.

The number one consequence for which the market falls after a more or less negative news is due to the people who, going into panic, begin to sell without any reason. In this market, as in every sector, you must have: cold blood, self-control, patience and the right preparation for every eventuality. If you do not feel confident about taking a position at a time when the market is unclear, do not do it. Wait! You should not buy at a price where you do not feel confident about what you are doing and you should not just sell it because it presents a "moment of panic".
You should always plan your investments, entering a point where you feel comfortable and planning a price target in which you would like to leave. You do not have to enter a random spot and say "HODL" and then see the price taking a bearish direction. Be disciplined, plan everything and you will never experience any situation of panic.

Now, after this important premise, I will illustrate the relevant news released in the last days:

PRESUMED INFORMATIC ATTACK TO A SOUTH KOREAN EXCHANGE:

Recently the news appeared that Coinrail, an exchange platform located in South Korea, suffered an alleged cyber attack. As a result, the platform immediately started to review its security systems.

Coinrail has stated on its website that some cryptocurrencies appear to have been stolen by hackers, but the quantity has not been specified. Despite this, the exchange is keen to reassure that 70% of the currencies it possesses are safely stored in a "could wallet".
However, it seems unlikely that this attack could have had such a significant impact on the market since Coinrail records a trade volume of just 2.5 million dollars.

THE CFTC ASKED TO MAKE A CONTROL FOR A POSSIBLE HANDLING OF THE PRICES OF THE CRYPTOCURRENCY:

According to the Wall Street Journal, it would appear that the Commodity Futures Trading Commission (CFTC) required a check on trading transaction data from various exchanges for alleged price manipulation.
The exchanges examined would be: Bitstamp, Coinbase, Kraken and itBit. Data on these platforms were requested because it is on them that CME bases the price of its futures.

This event would seem to be the most probable cause that led to the latest collapse of the cryptocurrency market.
Investigations are still ongoing and some sources reported that the CFTC has requested support for control at the United States Department of Justice. (DOJ)

Kraken Chief Executive Jesse Powell said: "This oversight causes the exchange to question the value and cost of their participation in the index"

Be that as it may, the situation seems to be under control and in addition Mr. John McAfee reassures his followers by stating that it's nothing serious:

Regarding the current market situation, according to data released by the Coinmarketcap.com website, the price of Bitcoin is around $ 6,780 with a fall of -6% in the last 24 hours.

Although the news covers their importance in any market, it should not be thought that these are the only causes. Many times we think that it is only the news that makes the price vary, but in my opinion the fluctuations are above all attributable to the "price action". So concluding, to assess the market situation it is right to base both on technical analysis and on fundamental analysis.

Let me know your opinion in the comments. I hope this information will help you.