Following a sharp rally in the beginning of the year, cryptocurrencies have experienced massive swings in the last five trading sessions, driven by several negative reports and the bearish outlook from major analysts, including the legendary Warren Buffett.

Therefore, bearish sentiments held the overall market in the red, resulting in a major loss in the total market capitalization for cryptocurrencies, tumbling from above $750 billion in the beginning of the week to $718 billion at present.  Bitcoin and Ripple are among the major losers after shocking reports from South Korea.

The potential ban from …

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