May will be a month to always remember in the crypto space with Elon musk tweet announcing tesla suspending bitcoin acceptance followed by China pausing crypto-related activities leading to a crypto ban in China all these have caused a lot of fear and lots of investors/traders panic sold their crypto-asset which have lead to the high circulation of crypto in the market-leading to Bitcoin dominance dropping and all altcoin has been in red the past few days.
Being a crypto holder and trader I've watched all my crypto portfolio bleed from green to red, all I can do at the moment is keep on holding and wait for market correlation.
Today's market meltdown has been due to a fresh headline that made the crypto market further dip down with over 20% decrease in price.
Huobi exchange today announce putting restrictions on Chinese citizens on crypto trading and limiting the supply of mining service and Okex also announced a pause of trading it OKB coin in China.
China is a leading country where mining activities take place and the announcement from Huobi exchange stopping the supply of mining machines and software causes lots of fear in the market with a rapid fall in crypto price.
[source](https://twitter.com/WuBlockchain/status/1396381355475410945?s=19)
Are you still holding or will you be panic selling soon if the price dip further?
This post was initially post by me here