why all coins are dropping?

[RistirP]

The prices of all other coins are basically tied to the price of bitcoin and when the price of bitcoin starts falling, then the prices of the other coins starts falling too.

[MOG247]

All other altcoins would fall in the market since Eth and BTC prices have already dropped in the market. This happen because many coins are built on their blockchain.

[Jas18]

All other altcoins would fall in the market since Eth and BTC prices have already dropped in the market. This happen because many coins are built on their blockchain.

Yes, you are certainly right on that but i think the main reason also is the demand of each coin. Thats why if keep on selling our coin it just helping the market turn red. However, the time is still young we can fix this by just holding our coins to increase the number of demand and soon its price will follow.

[BitPACK]

because of bitcoin, governments, now etf things in future who knows what. but when the bull run come, we all can smile eventually:)

[Groxnii]

I believe simple reason why was more pressure from sales, not purchases, because btc rally people to sell your Alto, or FUD, you know that Korea FUD prohibition on the exchange.

[cuteness]

because there's so many countries banned bitcoin and altcoins. the major cryptocurrency ETH and BTC is dropping because of it. and most of altcoins is connected to ethereum blockchain.

[Sean25pogi]

I think the reason behind of this scenario  is that they are suffering from continuing loss in terms of its market value, at the same manner they recieved a low demand in the market.

[kakaword]

After the market has experienced a bull market, there will be a long period of lows. We are currently in a trough, so I think this is a very normal phenomenon. I believe that as long as we maintain enough patience, we can finally wait for the market to bring us Good news.

[xspasa]

I saw a decline in trading volume and crypto transactions and a reduced interest in investing in crypto.

[Zedxxx]

Altcoins depend on Bitcoin and now it is very unstable. So when Bitcoin get stable, all altcoins will also start moving up.

[sergej.dubynin]

In my opinion the main reason for our decline is the large number of scammers, many who have lost their money and complains for money and dissuade people from investing in it, we need some protection from fraud, then the market will grow very large potential in the cryptocurrency.

[WuGong]

Because investors lose confidence in Bitcoin, Bitcoin affects the entire cryptocurrency market, and only the other coins in bitcoin will rise.

[KolayZdun]

I have not yet met any full explanation of the current situation in the cryptocurrency market. It seems that the previous increase was unnatural and now the price of coins again reduced to a level that corresponds to their development.

[babykuteok]

Coins stop dropping two days ago already. So it is time to hodl and wait for price up.  Altcoin price up & down it depends on bitcoin stability . When bitcoin price is pumping or dumping both time all coin price is dropping. There are too some reasons to dropping price. Now is a very good time to buy

[philX]

The fundamental reason inciting an adjustment in the trade rates of both computerized and fiat resources is the precarious adjust of free market activity in the worldwide market. As per monetary hypothesizes, there is an immediate connection between these parameters and the settled cost of any cash or ware. It ought to be noticed that such a summed up translation is reasonable just for halfway anticipating the beginning of the following cycle of unpredictability.

[sputnik345]

Of course this is due to the variability of the encryption.We are in a bear market and coins are now very dependent on bitcoin movement.

[shooleh]

All Altcoin depends on Bitcoin. As for now the price of the Bitcoin is also increasingly falling. And this I think is a very reasonable thing going on in the market of crypto. Altcoin all fall and at the end of this year will ride crypto market is very high.

[Lan75]

any body know the reason for current drop?

which makes the most sense because the price of bitcoin drops so that it affects all those in crypto. bitcoin is getting lower then the market is also getting lower. it will forever be related.

I have observed that people are selling their coins even if the price is low. It is always the law of supply and demand that is working here. People are cashing out whenever there is an opportunity that also contributed to the downfall of the market and there is no way that we can control these dumpers.

[araalfaris]

the price of all coins dropped because the price of bitcoin was down. all altcoins are based on bitcoin. if bitcoin goes down, all altcoins will go down.

[kaimax7700]

It is affected by the market.