What happened? Why do prices fly down?

[BEXAM_Romit]

Most speculate that the main reason why the market tanked in the past couple weeks/month is because of the hard fork that happened in bitcoin cash. This was a major event in the space and it really affected the whole market negatively. Prior to this happening, ethereum was also not doing so hot because ICO's were and still is dying. The reason why this has a direct correlation with Ethereum's price is because the majority of ICO's that were popular last year all claimed that they would be on the Ethereum chain, which is why the price last year was so strong. But alas, the ICO's were big on their promises and were not able to back up said promise. Coupled with this, the majority of bitcoin farming these days occurs in China, and the regulations surrounding cryptocurrency in China isn't exactly friendly. These are just some of the reasons why the prices keep going down. But not to worry, as there is still growth in the space. The crypto market is bigger then ever before and Ethereum's hard fork is also coming up which should shake things up a bit to say the least.

[pieppiep]

the price of the cryptocurrency fell because there might be bad news and maybe also the influence of the hashrate war that occurred a few weeks ago which caused the price of bitcoin and other cryptocurrency to fall.

[Siti Nurbaya]

It was indeed a hash war that was able to reduce interest in bitcoin, and all crypto declined. The bad news is also present and influential, so for this we must be more patient and endure, hoping for a miracle that can improve market value.

[guffie]

This is caused by a number of large investors with large capital, making Bitcoin depressed. With the fall in the price of Bitcoin, it will affect Ethereum and all Altcoin will also decrease. So with this condition, there will be many people who sell coins with a sense of panic because they are afraid that they will lose more money.

[Dimas245]

As we can see, for the last period of three months, the movement in the course of Bitcoin and cryptocurrency really moved confidently only down! Therefore, there is nothing surprising in this, that people stop investing and storing their funds in the crypt!

[MRlong]

The price flies down due to a lot of reason. And I think the primary reason is the domination of the ICO project about holding Ethereum. Recently, almost ICO project sell ETH. That makes the price of ETH always goes down and not any sign to recover. So that I think if the scam ICO project decrease, the situation of the cryptocurrency market will be improved.

[Cnut237]

What is happening is just that the markets are highly speculative. None of it is based on actual real world use yet, which means there's nothing substantial to back up each coin's value. Add to this the fact that the markets are in general very thin, and then also the problems with limited trading pairs for alts, and then the difficulty of moving between fiat and crypto - these together I think account in a large part for market movements.

[sarfield]

This is what happens, many assumptions are outlined and we can study this situation but to improve, we must be smarter and smarter. Market manipulation occurs and we in big games that will make us strong or weak, coins that are able to hit the flow will have a slight increase.

[arikassuja]

What happens to crypto market is that there is a lot of bad news and a lot of drama is done as happened yesterday which made the price of bitcoin fall very deeply due to the hashrate battle.

[kak uli]

For the current day, the prices of the main crypto-currencies show a steady decline, what could this be related to? Is it because of some rumors? And as a result - a panic sale?

most likely because most holders of Coin panic sell so that what happens and feels together is the lower price. As for what is happening with the crypto market, it is still experiencing the lowest price due to the end of the year and commemorating Christmas. I think that's why the price of digital currencies has decreased in price.

[wolfafladina]

maybe yes, because of some rumor new investor in crypto panic and sell their coin.
or is the true market condition, we dont really know.

All time pessimism in the crypto market. The visitor investors have drawn out with losses and the habitants are still in the market and it is only the habitants who are going to be instrumental in bringing correction in the market.

[consideritdone]

now its surprising today what happened https://www.coingecko.com