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RE: Why Is The Price Of Steem Falling? And How We Are The Reason?

in #steem7 years ago

A lot of cryptocurrency on the market is connected with Ethereum by ability to mine it on graphic cards. The Bitcoin is the one who stabilize entire cryptocurrency market.
Because of the falls on the stock market every cryptocurrency who is on the market fell.
We live in world of connected cryptocurrencys and value of every of them depend of strength of the market.

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Yeah it is true that the world of cryptocurrency rises and falls together, other currency like bitcoin as you said have fallen down by large margins too.

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68804.96
ETH 2441.52
USDT 1.00
SBD 2.33