The cryptocurrency markets are down frequently because it's still new, there's a great deal of scrutiny around this market and regulations, bans, etc. the low prices are related to fear, uncertainty, and doubt (FUD) of the general public and of course there's always market manipulation too which I'm sure is occurring right now where the big money investors are trying to push the weak hands out so they can stock up on their cryptos at low prices. It's just the way of the world, it's how every market operates.
This decline was caused by investors who monitored warnings from a number of regulators and increased crackdown on virtual currency markets in China.
a sharp decline occurred in the price of bitcoin, reaching its lowest point in 1.5 months. In addition, ethereum and ripple prices also decreased significantly. authorities in China are reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allow centralized trading.
Japan and South Korea usually dominate trading on the virtual currency market. However, in the past few days, the volume has decreased, where today the volume decline of the two countries fell 30 percent.
South Korea was also reported to be drafting rules to ban trading of virtual currencies last week. This makes bitcoin prices and a number of other virtual currencies drop dramatically.
Investing in cryptoconcu is very risky because the fluctuation in this virtual currency is very high. There is a lot of dizziness in the absence of regulation.
Another reason is manipulation whales are playing with us like a toy. And people are panic selling that's why market is going down trend. But it's temporary sooner or later it will recover there is no need to worry. In every market there is ups and downs it's part of market.
Crypto market is down because of manipulation of market is going on and any news which can take market to uptrend is not coming now so market is down and recently the delayed of ETF has take the crypto market at 2018 all time low and all coins are available at 90% discount rate to buy.Cryptomarket is down because recently the news of exchange which got some problems name KUCOIN has some bad news of its office problem and many selling was done on this exchange and it is the exchange of top 20 so market may affect the price of cryptocurrency.
Also the market there are ups and down and whales wants to buy cryptocurrency in deep and sell them at higher prices so due to it market is manipulated by them with some RUMOR and this affects the cryptocurrency market.
the demands in the market also determines whether the price of a cryptocurrency will go up or down so that is why the more the demands stays down then the price will keep going down and the more the demands go up then the higher the price of the cryptocurrency will stay so that is why the demands of a cryptocurrency is very important in the life of that cryptocurrency because it is one of the major factors that determines whether the price will go up or down...
The cryptocurrency markets are down frequently because it's still new, there's a great deal of scrutiny around this market and regulations, bans, etc. the low prices are related to fear, uncertainty, and doubt (FUD) of the general public and of course there's always market manipulation too which I'm sure is occurring right now where the big money investors are trying to push the weak hands out so they can stock up on their cryptos at low prices. It's just the way of the world, it's how every market operates.
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Great! This is why we always need to move forward :)
Don't Let Yesterday Take Up Too Much Of Today.
This decline was caused by investors who monitored warnings from a number of regulators and increased crackdown on virtual currency markets in China.
a sharp decline occurred in the price of bitcoin, reaching its lowest point in 1.5 months. In addition, ethereum and ripple prices also decreased significantly. authorities in China are reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allow centralized trading.
Japan and South Korea usually dominate trading on the virtual currency market. However, in the past few days, the volume has decreased, where today the volume decline of the two countries fell 30 percent.
South Korea was also reported to be drafting rules to ban trading of virtual currencies last week. This makes bitcoin prices and a number of other virtual currencies drop dramatically.
Investing in cryptoconcu is very risky because the fluctuation in this virtual currency is very high. There is a lot of dizziness in the absence of regulation.
Another reason is manipulation whales are playing with us like a toy. And people are panic selling that's why market is going down trend. But it's temporary sooner or later it will recover there is no need to worry. In every market there is ups and downs it's part of market.
Crypto market is down because of manipulation of market is going on and any news which can take market to uptrend is not coming now so market is down and recently the delayed of ETF has take the crypto market at 2018 all time low and all coins are available at 90% discount rate to buy.Cryptomarket is down because recently the news of exchange which got some problems name KUCOIN has some bad news of its office problem and many selling was done on this exchange and it is the exchange of top 20 so market may affect the price of cryptocurrency.
Also the market there are ups and down and whales wants to buy cryptocurrency in deep and sell them at higher prices so due to it market is manipulated by them with some RUMOR and this affects the cryptocurrency market.
the demands in the market also determines whether the price of a cryptocurrency will go up or down so that is why the more the demands stays down then the price will keep going down and the more the demands go up then the higher the price of the cryptocurrency will stay so that is why the demands of a cryptocurrency is very important in the life of that cryptocurrency because it is one of the major factors that determines whether the price will go up or down...