What is the cause of the market downturn?

[dianikusuma]

many of the reasons which led to the decline in the market. the correction may be a reasonable thing, but bad news regarding the refusal of crypto be news very badly and could make crypto down. What's more, when prices fall but many are selling their crypto, it will become increasingly severe.

[a2offrb]

Aside the South Korean Market issue which was eminent, or the China and Indian FUDs then, there should not be much to worry about because the downturn of the market shall be for a while. Bitcoin itself is presently controlling all FUDs trying to stabilize and becomes at least steadily moving up to moon at the next boom which is all good to go. And hence, so many holders of Bitcoin are not just ready to dump or part with them anyhow for no just cause, with the believe of expected spikes or Price hikes soonest.

[Gogochen]

I think it's because the whole market is underfunded, so that's the key factor.
The whole market is not enough to support such a big industry.

[Omtamvan]

To be honest, I have mixed emotions right now. There's a part of me that I'm totally scared and hit the "Dump" button, but there's another part of me that says "Hold on, believe it will recover". It's not the first time that we are experiencing like this.

Last December, we're also experiencing a major downfall due to holidays. From an all-time high of $20k, it even dropped to $10k. However, it recovered so quickly and stabilizes between $15k to $17k.

Now it trades below $10k, so a lot of newbies are being manipulated once again by whales to dump their coins/tokens, to make room for them to rebuy and increase their portfolio in that specific asset.

Also, expect another crash when the Lunar New Year comes February 16. There will be lots of dumpers to celebrate the Chinese New Year, so we will prepare for that too.

So basically China is to blame for everything? 

But yeah, that's a good point about the Chinese New Year, will keep that in mind.

I've read the news about south korea denying the crypto ban. But how about China? Have they confirmed or denied anything?

which I know may be caused because many of its new altcoins appear and so because yesterday the price of altcoin in the decline then it may be the occurrence of market price slump but I know the current market price recovered and I hope to be good at the end of the year later

[luigi3]

I think its because of some news,that reflected and affected to the price of many altcoin and tokens,and also some investor or big whales that sell their holding im sure they`re really affecting to the market.

[BitPlace]

I think it's because the whole market is underfunded, so that's the key factor.
The whole market is not enough to support such a big industry.

That's one of the reason of downturn but through panic selling effects, the people who was actively trading might think it in a wrong impression. More individuals will be afraid to pursue their holdings, so they sell at an earlier span of time. Buying demand could be accommodated if those holders sell their asset eventually and the other parties will still wait for the price to grow further.

[Palider]

Why the market is down kately, it is all due to FUDS, SCAMS  and those hodl is life. Why? They're making crypto negative in the eyes of the others. Theyre scaring and fooling potential investors. Lastly holding wont get us anywhere we must buy to help the market regain prices.

[itasannah]

It's probably, everything can influence. However, as I concern, the most reasons for making the price dropping are the presence of the negative issues around the world. It includes the news of baning from some countries, social media, or Google. The panic people also influence when they realize that the price is very dropped, then they will sell away their coins that drive the price down and down.