Bitcoin Forum

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today? ::)

That is the unpredictable nature of the cryptocurrency market, so you don't expect anything all you need do is to continue to holdle only long term investors have peace of mind and does not look at the DCA price of most valuable assets such as bitcoin, I do t know for altcoins, but I am certain that Bitcoin will recover so there is no need to panic if your portfolio is in Bitcoin.

That is how the market operates things can easily change in a very short period of time. Although i do expect a bearish move to at least the 24k support zone before we can expect another bullish move. Hope that will be the scenario because if that support didn't hold then will can easily go back to the bear market anytime soon cause we are still bearish on the Btc weekly timeframe.

I don't know yet but this is nothing unusual.

We like to see bitcoin move up with $1000 on an instant but would be surprised to see that it falls down quickly with the same amount. I haven't seen the news yet but maybe later on we'll see some triggers on what actually happened.

So, I'll keep looking for the news on different crypto news websites as they'll be the ones that will do the research for us. This is what volatility really means for us.

It could be a good opportunity to buy before a substantial rise, I only take BTC and ETH, XRP will make a nice pump shortly max 2-3 months

Pretty sure it was related to the SEC charges on Binance and their CEO CZ. Find the story below the official sec announcement.

https://twitter.com/SECGov/status/1665779371108335618?t=Obh5reNnCulLWOylFpMjSw&s=19

I think this is a major fud and lack validity on their part. Also quite tokens are mentioned being a security here. I believe Binance will fight back this is a major dragged to all crypto. Market is being pinned down. Gensler should read the comments on his post on twitter.

Correction, Binance US

FUD is a tactic for market manipulation. I don't think that goal of SEC is to manipulate markets. It's another thing if this is nothing burger or not, but if SEC sees coins they have listed as unregistered securities, they have to take action against Binance US.

Coinbase and Kraken will be next. That's not a FUD. They are located in US as well and in the eyes of SEC they are selling unregistered securities. It's really hard to see US exchanges winning SEC on this case, but let's hope for the best as i don't have a clue what the future is if ton of cryptos are suddenly securities.

Edit: i didn't realize that they have sued CZ himself as well. This is interesting.

Probably you are right, but thats the thing about US, they loves to crack this kind of movement on crypto projects. Well if US wanted out of crypto just say so. Binance US is also a big exchange on US, well since I saw CZ replied that they will fight back then we will see the outcome. But have you seen the tweet where Gary Gensler promoting algorand where in fact they include ALGO on securities they are accusing of? Thats a bit of hypocrisy.

SEC was dropping the bomb. It was not greatly affecting bitcoin and ethereum but some altcoins got very big impact like AXS, SAND, and more which has been declared to be security coins by SEC.

Finally, SEC was using its power again to destroy crypto market in short term. Im feeling so disappointed for those who were picking meme coin as investment. Meme coin will be die if this case will still continue.

I don't expect the case between SEC vs binance will be completed very soon. Well done SEC. People were scaring caused by binance hold the largest liquidity at this moment.

Is this still something new?

If you are just new into this market then you would be having this common reaction, but if you are already that old or veteran then these drops wont shock you out anymore.We know that we cant really be
having that slow and small scale type of movements whether an increase or decrease in price on every single day. There would be a time that comes that we would really be seeing these kind of drops
whether it does have that fundamental reason or doesnt have any reason at all.

We are dealing on a market on which it is really that truly unpredictable and random on which it would really be just that normal that we do have this red days and its normal that whenever Bitcoin is experiencing
some huge negative then expect that the entire market would really be actually the same.Although there are coins might be increasing as of this moment but only it would be counted by fingers.
On this space, Bitcoin would be the main trend setter and on the time comes that whether it would be having bearish or bullish movement then this one would be dictating out
the overall condition of the market.

I was wondering if today's market dump is being caused as a result of the SEC filing a lawsuit against Binance and its CEO, CZ, and why this major price fall for all crypto since there is no clear action that is to be taken by the SEC yet against the exchange. Why are people afraid and always taking the news from the SEC too seriously, which makes their FUDZ more active on a few non-bitcoiners? And since this is just concerning Binance being sued, why not see a negative action by users against Binance? exchange rather than the entire crypto market. According to , Ki Young Ju  (https://twitter.com/ki_young_ju/status/1665778756357693441?s=20) Binance is not even experiencing any form of panic withdrawal as a result of the news, but rather they are still seeing a little increase in Bitcoin and other crypto deposits.


Because the SEC disapproves of it, that doesn't mean others won't approve of its trading. The same coins that the SEC is against are still the same coins that . Hong Kong  (https://dailycoin.com/hong-kong-approves-select-crypto-tokens/) has approved retail investors on 1 June 2023. I don't even see any good things that the SEC has done here. Well, they have the right to decide what is right and wrong for their citizens who are investors, investors they claim to be protecting, yet they don't listen to their opinions (what am I even saying?) All I could see in this entire case is that the SEC is attacking Binance Holdings and its associates based on personal interests and not investor protection.

This is the situation when the bearish market is still running when bad news comes,
all cryptocurrencies Bitcoin or altcoins experience a dump, even though the bad news comes on only one coin,
that is about the BNB and SEC issues, so hopefully this dump will be the last dump in June.

The market is on dip it is very clear that we are about yo go down because the market is on red status bitcoin goes down and it is very normal that the altcoins will also go down, but there's nothing to worry about because even if we are on dip today the market is unstable and after the dip there are maybe bull.

News to legitimize the price line in a way that big influencers want to show their dominant power in the market, I see the keyword between SEC and CZ binance being quite prominent on different mediums, you can search for it and to get a better understanding of why prices have dropped in recent times. However, for me in this market, volatility like this is not so special when its amplitude increases or decreases is not too large, we have seen bitcoins rise sharply after a few hours, then its decline. After a few hours it's fine, so the story of the price manipulation news shows the extent to which this market is still in a small state.

The SEC also alleged that a number of other tokens, including the native coins for the Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI) and Algorand blockchains (ALGO), Filecoin network (FIL), Cosmos hub (ATOM), and Decentraland (MANA) are securities.

What happened today is part of a bear market even though this is not bad news for Bitcoin but for Binance,
the bear market really has an impact on Bitcoin and dumps occur in Bitcoin and Altcoins, it's terrible isn't it?,
if we don't put a stop loss on our trading of course we will experience a big lose.

For several days now, the same news has been in the news that the leading exchanges have problems with regulators, and this time the accusations are quite serious, which, accordingly, caused a slight panic in the market. But as we can see now, there is a slight correction. One thing is for sure, this summer will not be easy and all the events are still ahead of us.

I am disappointed with the actions of the SEC and their impact on certain altcoins. Regulatory actions can indeed have a significant impact on the cryptocurrency market, and it is not uncommon for such actions to generate mixed reactions and sentiments within the community. But it's okay; this was just a minor market correction, and there was a recovery as the price of bitcoin returned to its pre-FUD level.

well these recent events has been really impactful, i don't know if this correction will continues but one thing for sure, it has turned the trend from a bit of bullish into massive bearish, hope things get better soon, since we couldn't afford having bearish twice in a row.

if you look at the positive side of this, it means, for those who want to buy more BTCs, then this is a good time to buy more. because if you believe in this market and you are waiting for it to go down, then, this is a very good chance of collecting more. as it is only a matter of time before you see it going up again.
so not to give fuss about the decline, why not make the most of it? we can't control what is happening in the market but we can totally handle our investments in this market.

these fuds was massive, every coin having corrections just because of lawsuit against binance.
it's really unfortunate though, but then again it's necessary to keep big platform like binance in check, so there will be no collapse again.

It's normal for cryptocurrencies where the price will fluctuate constantly, and in this situation it actually demands you to continue to be patient and hold it, don't panic in this case and it's better to take the positive side to check the DCA of the market, and we see that things will happen well on Bitcoin, we believe in this stuff.

should also look carefully at the aftermath of the lawsuit, whether binance will be unspared is still a big question, I think right now accumulating is risky thing to do, since the price could literally fall down even more and the accumulation will become nothing but useless thing unless we are patience enough waiting for another years.

it's not normal if the trigger of the market downtrend is some exchange that was supposed to be biggest among the other getting lawsuit that could have the potential of bringing them down.
it will have massive after effect which most certainly gonna devastate the whole market if things went south.
even though if binance comes out unscathed it will just prove more that this exchange is just that good but thena gain that is a massive ifs.
i will be on look out at the current circumstance of the market otherwise not making accumulation or DCA at current time, but then again everyone could have their own preferences.

I believe that government will continue to shake the cryptocurrency market, they know that people will react, even if they spread random FUDS.

They target exchanges, huge exchanges where they believe that they can take it down. People must not react to this, because this is an opportunity for people to withdraw their Bitcoins off the exchanges and store it in their personal wallets is safer.
They should not panic selling.

I can understand that the problem of government intervention in the cryptocurrency market has happened in many countries around the world. However, this should not cause users to panic and sell out immediately.

Instead, users should evaluate information and news released in the market carefully, avoiding falling into a state of FUDs. and learn about the exchange they are trading with to make the right decision. A good way to protect your assets is to use a personal wallet and keep your tokens in the wallet, instead of leaving them on exchanges. In the event of an exchange being tampered with or going bankrupt, users will not lose their assets if they are safely stored in personal wallets. In short, crypto users need to actively learn, evaluate and choose how to protect their assets safely and effectively.

For now, it's better to wait and see, because there could be another bad news and make Bitcoin and altcoin dump again,
and of course don't be too hasty to buy an altcoin with 100% capital because it is very risky now,
if the market conditions are stable then do the accumulation in the altcoin of your choice, remember to use your capital 10% or 20% in every support.

Don't need to be surprised as due to volatile nature Bitcoin flactuat each and every hour as whales can make some decent amount of profit, but in my mind such kind of unexpected big dump come from FUD which were actually SEC charges on Binance and their CEO CZ. Such kind of bad news effect market which were seen as all red and due to fear some small trader book stable coin and lose Bitcoins..
By following DCA you will always be in good as you will get opportunity at every shocking dump to accumulate some Bitcoin with cheap prices

It's effect of SEC sues Binance exchange and also coinbase if i'm not wrong. So that, market is shows red light. People’s withdrawing their assets as like BTC & others coins from the exchanges to their personal WALLET to safety purposes. And i think panic seller will make sell bit in USDT to reduce their losses.

Maybe we are still in the bear run because it's kind early to say that we are now in the bull run when we haven't fully recovered yet from the previous All-Time-High. Bears or Bulls, a drop in the price is expected so indeed, this was not a bad news. A true bad news is what happened with Binance lately but we shouldn't worry too much.

I know Binance won't let their company get shut down just like that. A bear market is when the market dumps hard. This bear market we experience lately is terrible because it lasted for a very long time. For traders, stop loss is a common thing but there are still other ways for them to experience a major loss.

Don't be surprised because the crypto currency market is still in a bearish season,
any bad news that comes out will have an impact on Bitcoin, it can even cause a deep dump,
yesterday Bitcoin was dumped because of bad news and I think that's just the beginning,

Bitcoin failed to pass $28k, so it drops again to $25k. I think it is still understandable, we are in the sideways phase and the price needs some corrections before it skyrockets again. As long as Bitcoin price doesn't drop below $20k, I think we shouldn't be so worried about the current market condition. Many altcoins dropped their prices because they followed Bitcoin trend. It is still in Q2, I think it is normal if Bitcoin rises slowly. It may increase faster when we are in Q3 or Q4 of this year.

What's wrong with these altcoins? Are there serious problems with them as well?
The way of SEC accuses more top coins seems a bit strange. Do they cooperate with the whales to spread FUDs? So the whales to get more chances to collect more coins at cheaper prices. Or it is only fake news made by the media, so it is untrue that SEC accuses the tokens.

So many fud and the price was not able to break the resistance and that’s why we saw the red market again. There’s a market pressure going on against the crypto and that government pressure will always have a negative impact in the market. Imagine, SEC is suing the top companies here in crypto, and that tells a lot. If you still have some cash buffer then better to buy some, or you can just wait for another dip before buying.

it was really impactful, i think things will get worse and worse overtime as things unfolds after all this lawsuit involves biggest exchange there is that people have trusted so much.
it will most certainly give long term effect if these exchanges are at wrong.

it's like catching falling knives though, there's still no follow up about that news that i think accumulating might be quite risky considering the price could be very well
further thanks as the news being released in the future, I guess we must judge the circumstance first.

FUD everywhere. Binance is the major party that was making the market feel panic today. i don't have words to describe it but everything will be going so badly these days. In my opinion that if this gonna be another bearish week.

Let's see a good news to come at the end of this week.

That is a sign that there is opportunity for those that missed it when the price of Bitcoin and crypto was low in the market, to use this period to purchase and hold for the bullish season to come before they can release them for sale. I think, traders will definitely smile soon with their holding because the green light is preparing to remain stable to turn the market price around for their favour so that many will prepare well when another opportunity come up again. It will be favourable, if you can increase your capital to invest in Bitcoin because the price has decreased to $26,353 which is a sign that the price is preparing to hit back $40,000 before the end of this year 2023.

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

As expected FUD was strong this week that's why people panic sold and of course that's the wrong thing to do but there are people who are weak for any fud news spreading this week. Despite all these FUDs, market will be able to recover no matter what. SEC is just greedy that's why CZ is ready to fight them on court and save crypto from these kinds of greedy people and institution. Never falter everyone, we are used to these types of FUDS, we will prevail no matter what! Stay HODL and stay strong!

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.

The SEC is trying to act as an arbitrator in the cryptocurrency market, where there are no rules. Accordingly, before making such accusations, it is necessary to legislatively regulate the cryptocurrency market so that all participants can be guided in their activities by these rules.

The reason why people panic is that almost everyone thinks that the market will crash so everyone starts selling at once which actually causes the market to crash, and that further creates panic selling among new investors to make the situation worse. Someone should obviously always use a wallet that they have the keys to and store their assets there instead of keeping them at an exchange or any other platform.

And the reason why people get worried when something like this starts happening is because they think if the exchange goes down, the tokens of the exchange will go down as well like BNB and BUSD of Binance will surely be affected greatly if they lose the case.

The FUD spread by the government will cause a lot of panic because some will think that the government has control over what is made with the FUD, so it's not surprising that this will shake up the crypto market even when the price comes down.

Because exchanges have regulations, that's what the government will be after they always have a reason to make a mistake on the exchange they are targeting.
If many people are united not to panic, maybe this will not have a big effect, although I believe this impact will not dissolve much longer and they will definitely return to trusting crypto from the government.

Perhaps, you can never think of winning if you already have to think negatively. FUDS will never stay long as it passes away but if you make this a big deal and keep it on your mind, you eventually make yourself a loser. At some point, FUDs can be destructive but we can lessen its effectiveness if we ignore them. Because so many FUDs circulating and spreading on the internet which the government has been doing but look, the crypto market remains strong, only those doubtful investors and negative thinking are badly affected while real investors and holders remain calm and easy.

According to Ben Armstrong on Twitter, Binance decided to give a fitting rebuff to the actions of the SEC:
"I spoke to a Binance attorney and they are earmarking $1B to fight the SEC. They could basically hire every major law firm at once to fight for them. Just imagine @ripple has wiped the floor with them with only $150M" - https://twitter.com/bitboy_crypto/status/1666968425229369344

Trying to make crypto bleed is something SEC tries to do sometimes, it has tried to do it during the bull run as well but we didn't really care about it and that's why it didn't stay that long. It had a huge fight with USDT people and fined them millions and millions of dollars (nearly 20 million if I am not wrong) and if that were to happen today it would have crashed the market a lot, a ton of people would sell their USDT and get out, which would cause some discrapency in the price and not peg it to 1 dollars for a while until arbitrage makes it go back up again.

But, since that was the bull period nobody cared, and same with XPR at the time as well, and people just didn't buy xrp but continued to go up with others. So, it mattered only because we weren't at a bull period.

It's still remain uncertain for long term. If FUD will be even worst and it will be affecting the market. I do know that if we can't take FUD gonna hurt crypto like dumped it to the ground but it's enough to make the market feel panic.
Investors will always be seeing the sentiment in the crypto market too.

Those are going to be some high paid lawyers. But it's good to know Binance (or CZ) is taking this threat seriously. Underestimating SEC would be worst thing they could do right now. And many of the cases against them that they are going to win (and they are going to win at least some), can be used by coinbase as precedent for their defence.

It's just for a while, look at the bitcoin chart right now, the price is slowly recovering and it's definitely better than the condition when this post was created. If you already know about Bitcoin for a long time then you should know about this and this situation is pretty normal imo. You will see sometimes it would crash by 10% and then it would go up by 10% as well in random day, you should pretty much familiar with it.

Yes, this is normal if we're going to take a look at the past years situation of the market. And if something is still surprising the new investors of the market, they'll get used to it someday.

And much worse could go more than that but on the other hand, it can also go up more than the decrease. So yeah, everyone will be familiarized on how the market goes.

yeah and neonlink EVM sale stage2 sold out no matter what
we live in an unpredictable time, I think there will be a huge push in crypto world soon

BEAR market still not over yet and recently there so many bad news hanging around, especially the problem between the biggest exchange in the world which is binance got sues from SEC and already under investigation.

I think this is a SEC tactic to make people afraid to invest in crypto, besides that it's not only Binance who is having problems with SEC, but Matic, ADA and SOL too, so that makes the market go down quickly (bear market) and what do we expect is only CZ can win against SEC or people are not affected by SEC, so the market price can rise again or even a bullrun occurs (if CZ wins against SEC).

that's true and the market pretty much in volatility, doesn't necessarily means it will always go down forever. but we also need to see into the current situation of the market.
currently there are massive lawsuit which could change the tide instantly, i think it's also essential that we become more realistic with the current situation.
that way we could anticipate, if the market gonna be going down so hard, after all, it seemed we are about to face the massive bearish again.
we should be on the lookout of how the lawsuit results gonna be coming so that we could anticipate loss in our investments in general.

seems bearish just gets prolonged, we could even hardly consider the previous rally of some altcoins to be bullish because only very few chosen alts are rising the other are just still having some stagnation.
right now the condition become even worse, as the lawsuit unfolds, surely there will be waves of correction in which many investment will not get spared at all.

But since the actions of the SEC were directed at Binance the drop on its price has been very significant, now the price is down a 22% during the last seven days and now it is trading at levels we did not saw since December of 2022, so in a matter of days the growth that it took half a year to take place simply disappeared, so I hope people are very careful at the moment as anything could happen, especially when it comes to the binance coin and their stable coin.

Due to the SEC of being greedy, market have been crumbled out because of FUD that literally scares everyone else in the crypto space but not all because OG people will understand only that FUD is only a FUD, nothing more. Crypto will survive this flash crash and mind you we have been here in this kind of situation for years now. So, this FUD will not last long and soon it will recover! Never fear and always buy the DIP instead!

Yeah the goverment of US really want destory all market crypto, they don't care with customer of crypto was suffering because of their FUD. SEC just care with dollar how to make keeping their money valuable compared to crypto and want regulations to be set by them. If compared with the problem FTX, i'm sure CZ will could be anticapted this situation even Binance is targeted. Keep buy the dip !!

The bearish trend triggered by SEC was not giving impact for those who are willing to make easy money from investing in the new project. Neonlink sold out but it has botted. so many bots in coinlist sale.

All of tokens will be unlocked next month. People will be dumped it at once. The price be dropping drastically, Nothing chance as we are still in the bearish market.

The SEC is not a barrier for altcoins to sink, altcoins can return to significantly high prices again. this is only negative news that is not prolonged continuously. i saw a twitter post there will be a whale going to buy bitcoin in july. sometimes there are people who want a low price to buy altcoins by means of drama so that the holders are afraid of becoming a bloody market

"Gensler can destroy the U.S. crypto industry, but he can’t kill crypto" - https://fortune.com/crypto/2023/06/09/gensler-can-destroy-the-u-s-crypto-industry-but-he-cant-kill-crypto/ But I think that thanks to such whales as Coinbase and Binance, the crypto world will defend its right to work in the American market.

We don't know what the real purpose of SEC to accuse some big projects in crypto industry. After they got Ripple in a trouble, they alleged Binance for 2 main issues (mishandling money & dishonest with regulators). SEC think they are a regulator in crypto industry, they don't know that crypto is a decentralized system.

What are the problems with ADA, MATIC, and SOL?
If the problem is only about the significant drop in their prices, it is because most altcoins follow Bitcoin price. We must know that BTC is dropping its price to $25k again, it triggers most altcoins to drop again with significant changes. Moreover, we have bad news related to SEC vs Binance now.

Destroy crypto = kill crypto. Gensler can't kill crypto caused by crypto can still be traded in the market even with very small price but destroying crypto industry in US meant slowly killing crypto.

US has been known as crypto house. It must be noted here if gensler was targeting unregulated crypto but not for bitcoin. bitcoin will live forever as it's utility coin.

Dont be surprise  in the coming days as we are closer to halving , there are more activities like this or much worst because we knew that Bull will come after the bear ends ,
with at least year before the bitcoin halving happens then expect more of this so don't be surprised .

the market keeps holding 25k but no sign of  dropping bellow as this was happened recently

https://coinmarketcap.com/currencies/bitcoin/markets/

Hope that in the coming days we will be stable again.

it happen many times before mate, sued by SEC or other FUD. the worst crash was Mt Gox case and bitcoin still survive untill today. who ever want bitcoin die i will say to them " i am sorry it will never happen. pandora box already opened and it will stay here forever. and welcome to crypto to who ever new in this. thats how crypto works. some times they accept it but sometimes they refuse it.

what I'm thinking about right now is how to add assets in the face of this decline. this could happen as a result of the declining bitcoin market sentiment, or even the SEC which triggers FUD. however it is my happiness to have the opportunity to repurchase. especially on matic, I have been collecting matic for a long time, even though it is currently a floating minus, but I actually intend to collect it, because later I will be able to double my money

No need to shock with the market, all of this situation happen because of the problem between sec and binance.
Worst thing could be happen if Binance lose against SEC, it totally gonna drag our market into the ground.
Then we gonna see another crash, maybe the price of btc can jump back into 15k.

Very worried about the market movement, I expected Bitcoin to recover by the end of 2023. Although these are normal occurrences in cryptocurrencies, drops don't shock me anymore.A few days ago, the price of Bitcoin went up, but suddenly it started to fall again, and also the price of BNB has dropped a lot.  I don't know what is going to happen in the market.  But we are still in a bearish market, we may see such an event for a few more days.I think ultracoins will suffer a lot.We need to be patient for market recovery.

I don't understand how SEC is being greedy in all this, they are evidently fighting against cryptocurrencies in general and don't want them to prosper especially within the US because they fear people will soon stop using traditional financial systems and they will lose control over everyone's finances and financial activities which they've been control for centuries, they wouldn't give away the throne just like that.

Will crypto survive this? Of course, it will, we have seen bigger problems in the cryptocurrency market in the past and we have managed to survive those, the market crashes obviously because people react to these things but it eventually gains its value back.

Btc price not falls big and chance if rising is high but altcoins fall is not good and many coins are down this time. unfortunately i am holding bnb an sui and both are down so much. Now it will take long time to recover. Sec does not want crypto to be success, this is why they sues both big exchange to create fud so that people start panic sell. we should hold tightly because this bear will not remain for long time. this year many events happened which cause bear market but we seen bull after every bear.

This doesn't really mean anything. If something would be truly decentralized they couldn't sue anything. There are always some form of centralized elements, especially with CEXes and with projects that launched via ICOS, IDOs or whatever money collecting method they have. They have a team to sue.

From what i understand it's the method how they marketed their coin. You can't promise growth or even hint about it. Many of these allowed price talk in their official chats and even that's a big no-no to SEC.

it's not something that could considered as a normal occurrence if the whole thing was the after effect of the lawsuit.
I think we should observe further about the lawsuit and see how the market reacts to it, since we are actually still at initial phase, maybe in the future there will be corrections.

Today the market is very volatile and takes up a lot of liquidation in futures trading,
even though the price of Bitcoin only went up from $25k to $26k, and then fell again from $26k to $25k,
but altcoin prices dumped up to -20% and some are even more,
yes this is because it is news from the SEC that sue Binance and Coinbase and have an impact on the crypto market and the worst thing is altcoins.

the truth is that currently there is not much good news on the market and with wars and sanctions and the financial crisis things have only gotten worse, for example news like this:

SEC and Binance seek compromise on US assets freeze (https://cointelegraph.com/news/sec-and-binance-seek-compromise-on-us-assets-freeze)

they bring back the bad memories that they had and that made the price drop to 15000$ so when people see news of this type again the first thing that comes to their minds is to sell the coins they have because they think that the price will drop a lot again and it would generate much damage to them and unfortunately it is still a long way from news like this to end, because in this cryptocurrency market 99% of exchanges operate without a license and even though some kyc implements are still a long way from actually complying with the rules that many countries require Financial Institution

so all these problems will be arising a lot in the coming months and years until the exchanges improve a lot, now about the price that will depend on how the world financial market will recover and I very much doubt that things will improve so soon since it still doesn't have a light at the end of the tunnel about a possible end of the war in europe, so the price will stay in this range below 30,000$, the good part is that it is a good chance for people to be buying to hold for 2 or 3 years that could have profits of 2x or 3x very easily, the real problem is the lack of patience and in this market only those who have a lot of patience profit

your account is almost 6 years old and posting in this forum for long years but yet asking this kind of newbie question?
bitcoin does not even drop 20% and you are already alarmed?
when there are so much dumping and pumping for all those years that you are here  and supposedly has the idea what this happened.
this Binance and Government drama is taking place , as there are whales and  manipulators that wanted to shaken the market so they can bag money again.

If you are new to the crypto space, I'm not surprised. But just to tell you that what you have seen today is very common in the crypto space, that's how volatility looks like and we can't expect everything to go so well, a market crash is also possible. That is why it is called a risky investment and if you can't manage to handle this situation and are able to adopt it, surely it gives stress on you.
I encourage you to keep strong and calm, it dumps today but believe it will turn back high again.

Crypto is indeed a risky investment, but it also has great rewards. In fact, we can manage the risks ourselves, but greed often gets to us and ends in cut losses. the safest cryptocurrency investment is in bitcoin, so we can place most of the capital we have, and after that we must be able to diversify according to the level of risk. that way we will remain calm in the face of existing fluctuations

I'd honestly consider the effect to be not that massive after all, most of the coin are still retaining their value good enough.
but I think there will be impact that follows in the future, there are still many unclear about the lawsuits.

Its not crash, i ever seen btc going down even more then yesterday. It was fun tho...
And it is always FuD when the Halving coming. They shake the weak hand to get more our coin.classic gov which always fight against crypto but never win.

One of the most basic lessons new traders must learn but refuse to do so is that volatility can work both ways, so sometimes it can favor us and it can allow us to make a lot of money in a relatively short amount of time, but sometimes it can work against us as well, right now the market is experimenting a negative trend but for those of us which has been around for a very long time what we are seeing is nothing new and we can easily deal with it.

learning both ways will bring them better result , because sometimes we are just looking for good result or bad result but we never pay attention to expect them both for the future .
if in case we did not understand? trading should be not just to earn but to learn how to keep holding, not because the value is dipping bad meaning we must gave up because sometimes sideways will come.

I wouldn't expect the market to crash so severely that the price of Bitcoin will hit $15k because even if Binance loses against SEC, that will only affect the US Branch of the exchange and there won't be issues with the global version. That's why, the dip won't be that big, but I do believe that it will drop at least to some extent because no matter what, it is still a part of it.

We won't be able to stop the market from reacting because there will always be panic sellers who wouldn't listen to your words in such situations and will sell their assets or simply keep spreading FUD all around causing others to panic as well.

So we see that market sentiment plays an important role in the direction of asset prices and that fear or panic selling can exacerbate a market downturn. I think the SEC is taking advantage of its power to influence the behavior of market participants and potentially lead to price movements. This is really not good for investors like us. So even though these effects can be damaging, they will not stop the development of cryptocurrencies, and after the FUDs, people's confidence will become more and more certain.

I am not sure if that's the government that is doing this, I highly doubt that government is secretly buying a ton of bitcoin and they just made all this SEC thing in secret, that's just not the issue, can't be it.

I think it's just that Gary wanted to leave his mark on the market and wanted to do something to leave his name behind, some people have that psychological issue, I would understand, they just want to do something that would get their name heard, you know have a big wikipedia page, and since they are not Hollywood movie stars, this is all they could have come up with. This sounds like a more realistic approach compared to government shaking weak hands and then buying secretly so that they could make a bigger profit later on, they are not those people.

While it would make no sense at all for the price of bitcoin to go that low, at the same time we know the markets do not necessarily make sense as emotions and not logic dictate what it may happen, so if a massive amount of FUD was deployed then we can be sure that the price could go down, and once we are in free fall mode anything can happen, now I do not believe this scenario is likely, but taking into account how this market always surpasses my expectations I cannot discard this scenario from happening.

Don't be too surprised when you see a red market because we will see other surprises that can make us happy.
After a decrease there will be an increase. So, don't overdo the response when the market is red.

The effect of decreasing coin prices on the market varies greatly, it could be due to a lot of FUD and other incidents.
In each dip, make good use of it to buy the coins you think need to be added then hold on until the market turns green. Of course, strong analysis is needed in choosing a coin, but Bitcoin doesn't really need a special strategy.
I recommend getting closer to Bitcoin by forgetting the obscure altcoins.

The market still consider it as a bad sentiment caused by we do know that if US was crypto and bitcoin house. What you said above was actually true of nothing gonna happen binance global but US users will get more restrictions in accessing the binance global. That will make US users will not able to buy crypto and add liquidity to the market, which is also giving a very bad impact to the crypto.

There are also so many whales who driven the communities, and that makes the market will be even badly. The fact that if retail investors gonna feel panic once the whales will make the dump even deeper.
People with weak mentality will be selling their tokens at the bottom. They will be losing their money.

Maybe it is those who are interested in dumping the cryptocurrency market and selling their assets. Not only panic sales lead to lower prices, but also those who are interested in buying coins at a lower price sell their assets, which leads to a dump of the market. In this case, it is necessary to buy coins in time before the price increases again.

Usually people pays attention to the benefits aspect of the currency, that is to say, when they noticed the market is down they instantly sells of their holdings. This was a result of bad news or whales trying to shake the market to be able to accumulate more of the currencies, most people are being driven by emotion and may not be able to face seeing their assets drops some percentages and are often happens with newbies investors.

Unfortunately, people don't want SEC to be the arbitrator. SEC seems not only acting as an arbitrator, but I think they also act as the regulator in crypto space now. They seem to have the authority for this, they don't know that crypto is a decentralized system. So, there is no need for an arbitrator or regulator. This only makes crypto market condition becomes worse, SEC activity creates big negative issues. At the end of the day, I am sure SEC main purpose is to make people afraid of crypto investment.

panic sellers is very natural I think, the market just tend to got frenzied when some news appear and moreover it get even more influential if it always involves big company.
but what most important is our self decision in overcoming these problem in general turning around disaster into some opportunity to flip money.
these bad news always gonna shake the market and that's gonna be right time to accumulate only if there's no other bad news that follow up that might drive the price further down.
what most important is just always accumulating at the right time having better entry than anyone else out there so we can get better chance of getting profits in the long runs.

People are inherently decentralized, so they don't want their actions to be regulated by higher authorities. But in that case, the world would be in chaos. Accordingly, the SEC wants to stake out the regulation of the cryptocurrency market, as this is ultimately associated with a large profit in the form of taxes to the American treasury.

Many altcoins price increase to maintain green light at the moment, because the price of Bitcoin has increased back to $28,000 that is giving investors hope of winning something big soon from the market. If the price of Bitcoin can increased higher in this period, showed that Ethereum price will soon hit $2000 for those waiting for the opportunity to get ready to release their Ethereum for sale because the market price is leading to their wish in this season. Based on what is happening in the cryptocurrency market, showed that there will be massive pumping any moment from this week because long term investors and short term investors are experiencing it already.

Indeed, the green arrows dominating the altcoin market charts currently are a welcome sight for crypto investors. The rallying Bitcoin, cruising again towards the $28,000 mark, is undeniably a bellwether in this context. It's not just about Bitcoin though, the entire crypto market thrives on the ecosystem effect.

When Bitcoin surges, it gives credibility to the crypto market as a whole. Ethereum, with its smart contracts technology and DeFi applications, stands to gain significantly. I wouldnt be surprised if we see it smashing past the $2,000 milestone.

It's not just about short-term price pumping. Crypto is a revolution, and it's here to stay. It's a blend of technology and economy, a perfect concoction thats changing the world. So, hodl onto your coins and brace yourself for a ride to the moon

The SEC wants basically two things, control of this market and to scare people away from it or at least to force them to use whatever channels they open to interact with this market, however the market itself was designed to resist those attempts like no other market in existence, now I think they may reach a high level of success as people are simply too used to regulated markets already, however there will be always be people not willing to submit to them and their demands.

Today we are seeing Market is stable. We saw yesterday great movement. Bitcoin increase near about 10% within short time. I think today market will increase Again. Because market seems bull position. I think crypto currency market now uptrend and it entered bull position. Last week bitcoin price was near about $25k but gradually increasing and last day it was boom. It was actually surprising for all of us who are trading and holding bitcoin and other crypto. I think this trained will be continue.

As practice shows, after everyone believed that a true bull market had begun, this market collapses, leaving those who bought with coins that are constantly depreciating. It is possible that now is a good time to fix a part of the profit, or set a stop loss, so that later you will not regret the missed opportunity.

For new traders or new investors, this is indeed a good time to invest,
but for investors and traders who have bought in 2021 or 2022 it will obviously be a regret and can only hold on until prices recover,
and this is the crypto world, everyone can happy and even all can be sad too, so make sure we have to take a good strategy.

You don't need to wonder why as that is what the volatility looks like and you can't assume that everything went high always but certainly have to experience sometime low. The price often fluctuates due to several factors; FUDs, economic crises, etc. But these days, we'd see the impact of the SEC and Binance issue which makes some holders/investors worried and sell off their coins which causes the market to go down. Well, it was part of the market events, dumps possibly happen even though we don't like it. A reason why we have this " market adjustment" is because of unpredictable price trends.

There is an additional strategy that those that invested at the top can employ, but it is one that they will not feel very comfortable employing, they could use DCA to diminish the average price at which they bought their coins, and if enough money is invested then they could profit much earlier from the upcoming bull run, but this is a difficult decision for them to take, as they have been losing so much money for so long that investing even more money on this market does not seem like a viable option for them.

Why good? Is it because we are seeing a positive increase in the price? But isn't the best way to invest is when the price are dumping? Maybe new investors can hold their excitement for a while and wait for a possible correction.

For those who bought in 2021, they might be selling some on the same year because there was a bull run at that time but for those who bought last year, maybe some of them have sold some of their coins in the beginning of 2023 because we start it positively or they can also sell some now since the price right now was still better than last year. Cryptos are volatile but it does not mean that our emotions will be volatile too. With a good strategy as you said, we can be sure that our emotions will still be stable. It will only remain to be positive.

That's the problem because having lost a lot of money before is certainly not an easy thing,
but on the one hand there is nothing wrong with using the DCA method,
at least it can offset the negative impact of previous investments.

Why the world in chaos?
I don't think it will be a problem for everyone if crypto is decentralized. Basically, people must understand about the risks of decentralized system, there is no guarantee of safety. That's why we know that investing or trading in crypto is high risk. But with decentralized system, we have absolute freedom and the government has no power to intervene us.

They have no right to force US regulation to crypto space. Binance US may be subject to their rules for being in their territory, but crypto is not in US territory. SEC has no right to apply taxes on all activities of crypto investment/trading. Not everyone here is US citizen, we come from various countries in the world.

I agree that we are on a short bull burst at these days, it does feel like it's doing great. I know a lot of people are not entirely sure what's going to happen quickly on the short term but looking at how we are moving up these days, I agree that it will be up. Of course there is no guarantee about it, maybe it will be going up, maybe it won't and we are going to start going down, we wouldn't know which one will happen.

But that's what investment is, just trying to predict and if I have to predict I can say that it's going to be decent situation we can make a profit from on the short term where all the prices just go up. Hopefully we are not wrong, because we really need it to go up, that way we could finally see a bull run after so much down period.

What if you look at the market movement this week, has it shown a bullish path or is it back to bearish again. if you see that the market has shown good movement, the holders are always patient and continue to analyze what is happening in the market and then look for sources of news circulating on social media

We are still in the bearish season, the current price of BTC is far from its ATH. We only can say we are in the bullish season when the price of BTC is nearly its ATH. Personally, I will call it bullish when BTC price returns to $50k+. The current price is only $30k and it may drop again to $28k or $29k, so it is not safe to conclude we are in the bullish season.

Of course, the holders will be always patient. We all know that this bearish season won't last  forever, it must end when the BTC halving comes. It is only 1 year left before the BTC halving to happen. We must continue to hold before the bullrun season comes, only the weak holders who sell their coins in the bearish season.

So far I think the market movement is still up and down so if you say it's already on a bullish track it doesn't seem like it really is,
even so I remain optimistic about the current conditions,
it's really important to remain patient which not everyone has.

The market does not move in a straight line, there will always be chop days and big green candle days, a lot of people will miss out on life changing profit because they keep getting in and out of the market because there is a chop, if you believe we are entering bull market all you need to do is to buy and hold and stop watching the market every hour and stop asking for reason why the price fall or rise every time, this will serve you well in few months when everything will be pumping like craze

I think we are still a long way from being bullish, because the price of Bitcoin is still unstable and still going up and down, so I think there will still be a small correction in the near future, because there is no good news about cryptocurrency at the moment and I'm sure bullish will happen when the price of Bitcoin broke at $40k, so now is still the right time to do DCA.

It's still a possibility because we never know when bullish will come,
the more positive news about Bitcoin it will influence its price and i hope it will,
if indeed this is the right time then take advantage of it to do DCA.

It's just another day of "correction" as you cannot predict when will it be exactly happening.

Looks like the BTC bulls cannot keep up to sustain a certain range which results for the market to go down a bit.

As of today, we are still in the bear market so these mini bull runs are just short term only. We just don't know when will the market go up again. It's unpredictable.

Bitcoin is struggling to break 33k but it's rejected always time and after every rejection, btc dump little. major altcoins are not raising because btc price is not stable. Market will green when btc remain stable for atleast 48 hours. The real bullish season will start when btc stable above 32k.

These downfall after some rise are short term correction which is normal in crypto market and nothing to be worried about that. crypto market is unpredictable but i hope we will not going to bear market as we are not recovered from  bear market yet and now its time for bull now
 

As always market is in the roller coaster once again, with so many FUDs on going the market will have a hard time recovering from its dip. Despite all that, it still a good time to buy assets during these times because it is a discount price that eventually will have a good indications to rise up once the market to fully recover especially with the bull market seasons this year.

I think most of the people here will agree with me that NeonLink is the future digital platinum.

Can't change the way it works but to normally see it pump today and it dump by the following days. But guess what, I'd love how it is going as in this way we have been given the chance to buy low and sell high, it actually gives us favor to earn a profit. That is why we shouldn't have to become crazy and get worried when the price drop because it recovers again. And this is the reason also that we need to learn to hold and must control our emotions.

Sometimes there are still many people who panic and worry when the price drops and that makes them make the wrong decision,
this is the importance of us to control emotions,
in the face of any condition need a calm so that we can think clearly.

Market reacts to every news out there that's why sometimes market is down a bit because of bad news but nothing to be alarm as the market itself will just recover within days which is a pretty normal to view with. Nonetheless, it's also an opportunity to buy some good tokens or coins that will certainly bring growth and price actions towards bull market.