why all coins are dropping?

[Babayan]

Altcoins are dropping during the growth of Bitcoin, but they also dropping because of dropping of btc it is really strange, but no doubt we will see the growth very soon.

[TheClownSong]

The price of all altcoins now depends on bitcoin, which looks very weak and is likely to continue falling. But in the last week the trend of the market has changed a little. Now some altcoins can rise by 20-30% for 10-15 hours, and then fall off just as quickly.
Obviously, these are the results of speculative manipulation.

Most main pair on exchanger using bitcoin as main cryptocurrency. That affecting to altcoin when bitcoin price drop the price. Most coin in market drop the price because many investor panic when ETF approval rejected by SEC but i am believe market will recover again.

[GmBoom]

It is because of the massive audience waiting for the upcoming bitcoin ETF that didn't go well. The slap of it resulting to a major down price of some major tokens and coins.

[websing]

because the holders of large volumes of bitcoin or ethereum they might sell their assets which could affect other coin prices on the market, only the market's patience will soon recover.

[Pujangga]

The market is dropping so that altcoins prices also drop, this is a decentralized system that is when the demand decreases it will automatically make the altcoins price also decrease, but I am sure that the future of cryptocurrencies will soon improve.

[nebosvoden]

The cryptocurrency market is very volatile, the regular cycle is the reason that krypton is really declining in price.

[straightliteral]

it's beacuase BTC and ETH is going down, so people are panicking and who has different alts, they sell it too

[arpaul]

Anyone who understands the principle for more than a two years already understands that after a deep correction or fall, there is always growth, you must be patient and wait for the moment that will be the most profitable for you But it's better not to be greedy or you will get a new correction...

[Utogah]

For my speculation, i think it is because of demand supply of coins that decreases too much in the market. Some altcoins had never grown up and got stable prices due to no investors investing coins.

[Azura.Nguyen]

They are all dropping because people are pulling out way too much money from cryptos and it is just reducing the demand and increasing the supply of coins in the market. 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.

[snedyolo]

any body know the reason for current drop?

I think it has something to do with the price of the major coins going down. If we look closely to details, we will notice that the price of bitcoin and ethereum are going down as well. Bitcoin is like a standard to the other altcoins. In addition, it is one of the coins which has the highest value. Therefore, it acts as a standard. That is why the price of other altocoins goes down as well.

[tajak200]

in my opinion all coins in the market are dropping because when the market is hit by the sudden reddish time especially the bitcoin in which its value are dropping ,then there would be possibility that all coins in market index will also drop or fall of its price value , also the demand and supply of every coins in the market.

[lena1]

Most likely just a lot of people in a panic are selling their coins because of the drop in prices for bitcoin!

[Bolabi]

I think the current situation is only part of the cycle, events like this often occur and I think this is natural because all altcoins or crypto currencies are always close to zero. I am sure that this will return to recover or you could say all the altcoins will rise again.

[ripple]

The decline of the market is quite normal in the market after strong growth. certain rules in this case. General encryption trends determine what will happen. After a rising trend, the downside is that people will rescue and take profits at high prices

[Bitdressa]

yes maybe because of some increase that can not be explained and also we can only be patient to wait for the coin increase that we are waiting for.

[cuongdola211091]

The market is dropping low as Korea and China have an impact on the e-money market. Every year there are several periods of ups and downs of the electronic money market. we should not be too nervous and panic. When others are scared, you should calmly sit on the market and may hold a few coin top. This is also a good time to buy potential coin and wait for time to stabilize it. It is a wise decision

[JRACPJRL]

Any individual who comprehends the guideline for over a year as of now comprehends that after a profound revision or fall, there is dependably development, you should be patient and sit tight for the minute that will be the most beneficial for you, however it's better not to be voracious or you will get another amendment.

[Don Lord]

I think that this is a normal phenomenon in the correction of the market, it always happens, be patient and wait, hold your coins until better times.

[abas_ir]

I think that this is a normal phenomenon in the correction of the market, it always happens, be patient and wait, hold your coins until better times.

Yeah, maybe some people lose their faith at bitcoin and attract people to some other projects than investing in bitcoin. But everything has its ups and downs so the drop of bitcoin is nothing to be concern of, what you need is trust its value and it will grow again. I believe in that mate. Good luck.