What caused all the price drops?

[skiorf]

Some factors causing the market dropped. Some of them are probably:
Mostly because of the negative issues about crypto that leads the people afraid and panic and then continued selling their coins away.
It is because the tactic from the whales to drop the price and then buy the coins for future holding.
Some other factors probably are because of the generous coin types emerged in this era.

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[phas129nnn]

The market is called market because not everybody buys, there is also somebody who sells. When the people who sell happen to be more than those who buy, you can enjoy a nice price drop

[bitgogo123]

I think it's because the whales control the market price. In order to get more chips, of course, this phenomenon not only appears in the cryptocurrency market, but the same thing is happening in the stock market.

[Frob1992]

coin prices maintain to fall sharply because of interventions from governments. In Korea, authorities are nonetheless considering possible closure of digital forex floors. despite the closure of the virtual foreign money ground closing 12 months, China nonetheless has more aggressive measures against the digital foreign money enterprise.

[pokerap]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

There is no clue, because if there is, its name is not a crash. But let's suppose to make it simple, the faster the increment takes place, the sooner the market saturation will occur.

[Jonnitor]

Many people who has tokens sell immediately and sell. Without buying. The price will drop.

[adolf512]

coin prices maintain to fall sharply because of interventions from governments. In Korea, authorities are nonetheless considering possible closure of digital forex floors. despite the closure of the virtual foreign money ground closing 12 months, China nonetheless has more aggressive measures against the digital foreign money enterprise.

Negative news can affect the market, but in this case, one factor, that is, the news background, can not hold back the rise in prices for such a long time.

[kameutunda]

If I think many factors that make Altcoin and Bitcoin lower prices. not just a factor from within an altcoin developer, outside factors can also influence it. On the one hand, the fall of the market is healthy as it will allow the cryptocurrancy to grow again with greater strength and consistency when the downturn of the market falls as it reverses.

[Rlyn]

I'm not really sure about it but i heard that its because of whales but for me i think it is normal especially at this month and also i think because there's only few investor in crypto that's why

[btcstock]

I think there are many factors that make altcoin and bitcoin the price down. It is a market and it works by the law of demand and supply. It means that many holders sold yesterday.  Anybody can compose a lot of reasons why it has happened but it does not mean that it is truth.

[ipanks]

for sure, the news that gives a bad statement about cryptocurrency and many people giving a bad info too and makes other people become panic. we can see this in the earlier of this year and somehow, this pushing the price to go down and finally, we are in a lower price for this year. but I still believe that the price can increase higher again in the next months and in the next year.

[RealMean55]

 THERE IS NO certainty FOR SURE OF WHAT MIGHT HAVE Caused the market to take such a huge dip, But there are now quite a number of conspiracy theories regarding what might have happened and what might have led to the drop, most of which arent as true,  But the fact that mst people are  panicking is making the situation even worse. if only we can be patient enough to let the market forces take charge then the market will slowly but gradually recover

[mitsarasss]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

First of all, their prices depend on the price of bitcoin, when the price of bitcoins drops, the price of all the alt coins falls. The second is selling tokens by bounty hunters and investors, they can easily bring down the price.

[thesmallgod]

many reasons are cause of drop in the price of crypto but everything boil down to demand and supply. when the market cap indicate that amount of crypto been sold are much higher than the amount being bought, the price will come down. now many reasons are involve when there are huge sell order than the buy order. it can be as a result of panic created by media attentions which bring negativity to the crypto market. another reason may be because an institution, industries, media platform which are known before to be supporting crypto is dropping support for the coin (e.g facebook banning crypto ads, twitter palaver etc) this will lead to massive drop in the price. Lastly it might an attack on a large market volume exchange platform which resulting in lost of crypto assset.

[susuberuang]

it seems that the price of bitcoin and some other cryptocurrencies falls is due to bad news that makes the price of cryptocurrency fall and the center of the price is in bitcoin, when bitcoin prices fall then bitcoin will also be very cheap.

[trickyriky]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

Price falling is caused by one main reason. People don’t believe in cryptocurrencies like it was previously. But I don’t think that it will last forever. Over the some period of time market will start to recover.

[aces777]

If I had to take a wild guess I would say that the price drops were due to a combination of people panic selling their coins and also whales manipulating the prices to drop so that they can stock up on coins when the price is cheap.

it seems that the price of bitcoin and some other cryptocurrencies falls is due to bad news that makes the price of cryptocurrency fall and the center of the price is in bitcoin, when bitcoin prices fall then bitcoin will also be very cheap.

There is also this. There has been a lot of FUD surrounding cryptocurrencies in the last couple of months which make the prices drop too so that is also a contributing factor to the price drops.

[Tom Shelby]

The decrease in prices leads to a redistribution of the Bitcoin mining market. A lot of prey concentrate already in one circle.

[vhoang142]

The price drop down because of the fake news that makes the newbie to be panic the tendency of that they were going to sell their bitcoin so it will continue to drop until dumpers done on that, if i were you i will read news that are true not just a fake one so you wull never be a one of the panic seller

[Bay_Harbour_Butcher]

the market price of crypto may drop likely due to bad news about the crypto market, bad news is usually about there is a hacked exchange, a country that forbids crypto, etc.