Global crypto market down - what may be the reason?

[avikz]

Dear community members,

I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.

I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.

Ami I missing something here? Can anyone please enlighten us with the possible reason?

Thanks!

[MaitoMaito]

Wow man, you're overwhelm me, going to look the news

[paulmusa25]

According to the news I saw on google that South Korea is looking to ban cryptocurrency exchanges on their country. That's probably one of the reason today why bitcoin market is going down.

[Maveth13]

According to the news I saw on google that South Korea is looking to ban cryptocurrency exchanges on their country. That's probably one of the reason today why bitcoin market is going down.

They revoked it, again. They "banned" bitcoin 5 times in a month, call that a record.
There's no need for a special reason for this market drop. Sometimes there are news and rumors that can trigger it, but sometimes it just the market as it is. It's normal, just take advantage of the drop if you can.

[SrEasts]

There are several topics already about this matter... Takes literally seconds to find one and read the answers already there... Nonetheless:

The reason behind this market crash is the spread of FUD from Asia. There were some news about china wanting to stop the bitcoin mining in their country ( keep in mind that China represents 2/3 or so of the total mining power), and also a suposed ban of crypto trading on South Korea. People started panicing and the market is showing exactly that.

[BrewMaster]

well bitcoin started going down and whenever that happens altcoins, without any hesitation, start their dumping. and that part doesn't really need any reasons to happen. it just happens.

and as for bitcoin, as you may have guessed already from this board and the "internet", there is a lot of FUD about banning bitcoin again circulating the media.
and it baffles me that people still care about what the government says about the "decentralized market"!

[teejaymuna]

There's news from South Korea that their govt is about to ban BTC. Also the Chinese New Year is around the corner. Those are the only reasons iv found.

[Lyne01]

Dear community members,

I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.

I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.

Ami I missing something here? Can anyone please enlighten us with the possible reason?

Thanks!

According to the latest news on Bitcoin, some countries are planning if not, already banned bitcoin. Likewise, many have been panicing on selling their bitcoin because of these news. I also believe that these are just their strategies to make bitcoin goes slow.

[levvv]

Well, if you ask me what is the reason for crypto market down, i cant answer that.
But at least, i want to tell you, if the they are going down, you better get ready to invest them at the lowest price,
and they are going to increase again.

[Falgorn]

The decrease in the price of bitcoin can be explained by the latest news from China, where local authorities intend to block access to local and foreign platforms for trading.
At the same time, Reddit has a different theory, according to which the current decline in the market of crypto-currencies can be caused by the forthcoming lunar new year in Asian countries. The region still has significant trading volumes, and as the author believes, before the holidays many people want to take digital assets into Fiat.

[shailkumari]

Only reason, I can see behind all this is that bug investors are withdrawing their money for investing in alt coins. There is nothing to worry especially if you have invested in long run.

[b1marlin]

Dear community members,

I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.

I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.

Ami I missing something here? Can anyone please enlighten us with the possible reason?

Thanks!

actually today I buy more bitcoin and some alternative coins that have great potentials, we all know that the dip is the time to buy that we cannot miss.

[nokati]

Smat move, I wish I could buy some coins now

[jakelyson]

Dear community members,

I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.

I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.

Ami I missing something here? Can anyone please enlighten us with the possible reason?

Thanks!

No big news except the news from last week that may still be in effect today. All crypto are down mainly because bitcoin price is down that affects all alt-coins and tokens out there. Luckily bitcoin is slowly bouncing back which will pull other cryptos up too. Hope this continues.

[neite99]

As I know there were some unconfirmed news about China banning the miners in their country and Korea looking forward to ban the exchanges in their markets.

[boissonnea]

The price has gone through a dumping time. it is easy to guess the causes of the crash. The price does not need a lot of analysis to make sure that it has collapsed or has risen.

some say this is correction and Big players. others say it is China and its effect. Its hard to guess but you can find alot of analysis that prove the down.
Tracking the price will not help. you have to learn how to guess when the rise will be and when the collapse might happen, and thus you can predict how much profit you might make.

Some say we will not get 12,000 dollars again, until 2021.

[monirmostafiz]

my openion is, business means it rais,it down regularly.traditionally it wiil happen. but there is a reason for global crypto market down is in korea are ban the curruncy probably i know.people are worried about this.for this reason global crypto market down

[Harlot]

well bitcoin started going down and whenever that happens altcoins, without any hesitation, start their dumping. and that part doesn't really need any reasons to happen. it just happens.

and as for bitcoin, as you may have guessed already from this board and the "internet", there is a lot of FUD about banning bitcoin again circulating the media.
and it baffles me that people still care about what the government says about the "decentralized market"!

The problem here is the participation of the market has been divided between Bitcoin and also other Altcoins. And we have seen these early on when the price of Bitcoin got down from each recent high and suddenly some Altcoins starts pumping. With these happening all of the cryptocurrencies suddenly started to go up. And now with some Bad news many traders started to sell their cryptos for profit taking that is why we are seeing the market now in red.

[SONG GEET]

Panic + profit taking

Whales are cashing out before now new traders are cashing out and whales are buying back cheap coins. Price will soon recover so its time to buy not sell.

[Gotomoon]

my openion is, business means it rais,it down regularly.traditionally it wiil happen. but there is a reason for global crypto market down is in korea are ban the curruncy probably i know.people are worried about this.for this reason global crypto market down

This is I think the reasons why this is happen market is going down because of this korea issues. Also many had panic over this problem. Actually this is the usual screnario in the market price ups and down so in this case better obseve the market before you invest.