Having difficulties pin pointing the exact causes for the dip:
These are the possible reasons tho:
1. Chinese new year cashing out
2. Remnants of Korean FUD haunting
3. CME CBOE bitcoin futures contract expiring on 18 and 26 Jan.
4. Momentum selling after stop losses trigger
5. Retail investors panicking.
6. China FUD 2.0 after a senior PBOC official said that virtual currencies should be outlawed.
7. ICOs that raised funds in Dec and Jan cashing out their funds in volumes
8. Mike bell of JP Morgan claiming that governments could ban crypto. Oh ffs another Jamie Dimon idiot.
Most likely 3-8.