As it has been observed in recent past the Crypto market is seems to be vulnerable to news of Govt regulations, actions and also influence by billionaires like Elon Musk.. 

There are many examples in recent past like mining ban in China, which triggered the dip in April - May earlier this year. Furthermore the Tesla's statement of backing out from crypto buying of their e-cars. 

Now we have another statement from one of the super power as below.. 

Russia has no room for cryptocurrencies — Central Bank official says

Bank of Russia Deputy Governor Vladimir Chistyukhin signaled Monday that privately-run cryptos may soon no longer be used in the country. (TASS