Why the cryptocurrency prices went down suddenly

[turagsoy123456]

You have to know my friend that btc is the king of the crypto and whenever the price of it goes down the price of alternative coin go down either but soon it will back normal

Yes,  my friend you are correct this situation is temporary.  The reason why the price of cryptocurrencies goin down because cryptocurrencies as of now facing different kind of issue's. Like google and facebook anounce to ban crytocurrencies. And their are also biggest group of players monopolize the cryptocurrencies. And also some investor panic selling their cryptos. This are the reason why the price of cryptocurrencies declined in a very low price..

[radjie]

there is no need to panic about this situation and from some of the news that is summarized from several countries is about the problems faced by some exchanges and about the implementation of the rules in some countries this is not aimed at killing crypto growth. the purpose of some of the rules set by some countries as you mentioned is that in the performance of crypto would be better. the news is more on improvements for the crypto currency will be even better.

[IlfarIldarovich]

The news from US government has a negative impact on the market. It is unclear what form acquire the trial with the status of crypt and ICO in the economy.         

[samasas]

The news from US government has a negative impact on the market. It is unclear what form acquire the trial with the status of crypt and ICO in the economy.         

I heard the G20 could be negative to digital coins.

[rosezionjohn]

Somehow I am happy these things are happening right now  
These are stepping stones for cryptocurrencies and cryptocurrency community to grow.

[VSOP_VSOP]

In fact, the price is moving in the permissible norm. Nothing terrible happens, you just need to focus on long-term investments.

[ronni01]

Rumors about the binance that the exchange hacked but this is not the case, China sells confiscated bitcoins that were eliminated in 2013 and the plume of news that was in February!

[Obi2024]

there is no need to panic about this situation and from some of the news that is summarized from several countries is about the problems faced by some exchanges and about the implementation of the rules in some countries this is not aimed at killing crypto growth. the purpose of some of the rules set by some countries as you mentioned is that in the performance of crypto would be better. the news is more on improvements for the crypto currency will be even better.

I think you are right, the turbulence in the crypto space at this time will not kill crypto, instead it will make it stronger. I believe the market will recover and come back stronger for coins that have real use cases.

[nikola22]

The news from US government has a negative impact on the market. It is unclear what form acquire the trial with the status of crypt and ICO in the economy.         

I don't think that news from US government are negative. In fact they didn't decide anything yet and still researching the cryptocurrency question.

[Zagitta]

Cause the cryptocurrencies are still tied to the price of Bitcoin and since bitcoin went down due to the MT GOX trustee dumping large amounts of coins on exchange, thus the alts went down with the bitcoin price too. All this can be blamed on a single person, the trustee with the keys to the MT GOX coins.

[Svetatim22]

The fact that the prices for crypto-currencies from time to time fall and grow is normal. You need to be prepared for both falling and growing. Literally in a couple of weeks, sure prices will start to go up sharply. This is a crypto currency - here it is a normal phenomenon

[noictib]

As you are all aware, this week the market experience a fall of around 10% in prices for major cryptocurrencies. The reason for this dramatic drop in prices are multiple, but it is my hope to enlist them below and start a discussion.

It is said that the US Securities and Exchange Commission (SEC)  announcement about ICOs platforms and the possibility of forcing them to register is one factor to take into consideration. Second, Japan’s FSA recently suspended two exchanges and penalized another four, which caused a bit of panic among the [Suspicious link removed]munity. Last but not least, rumors started running across Redditt that Binance was being hacked. All these situations caused the cryptocurrency prices to go down by 5-15% on average.

To explain this a bit more, take a look at this video that easily explains what exactly happened this week https://cryptocoin.news/news/altcoins-this-week-why-cryptocurrency-prices-went-down-blockchain-legislation-in-russia-and-much-more-8714/

Feel free to comment as well

Yeah , Here two to three reasons are that why bitcoin's and another cryptourrency market is going down .
The main reason the negative news about to ban trading and ICOs related ads by Google from June and second thing is the main reason I think because they are planning to make new rules about bitcoin and another cryptourrency use  , most of the people are thinking that in G20 summit they will give a negative results regarding about bitcoin , so there are lots of chances that price can get dump much , so before coming any result many people are feeling panic and selling Thier all the coins that is only a stupidity .
In my opinion we all of us should hold our coins instead to sell Because these are much better coins to have in this time and also it is better time to buy instead to get into fear .

[Doell]

I may be a bit late in commenting on this thread because it is true the impact of the decline that felt a few days yesterday really made everyone panicked but do not worry because of the results of the G20 meeting yesterday this gives a positive impact on the movement of crypto exchanges. and I see there is now a change for the crypto market movement that will continue to improve.

[Olajide Olaoluwa]

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[AlexTF.CCN]

Luckily for the market, Bitcoin seems to start getting good news. G20 just sorta gave the green light on it, saying it represents no risk, which probably made a good impact on the general market and made prices go up a bit.

Unfortunately, there's still a lot of grey areas, with strong rumors that Twitter might follow the steps of Facebook and Google, which will probably bring prices down a bit more...

Let's hope we keep on hearing good news through the following weeks. Again, here's a video for the latest news we gathered through last week that were relevant to the market

https://cryptocoin.news/videos/bitcoin-this-week-g20-says-cryptocurrencies-pose-no-risk-twitter-could-ban-crypto-ads-and-more-9337/

[cryptonata18]

There was a strongly negative news background around the crypto currency. Many people were afraid and could not stand the pressure of the negative.

[Ascredo]

The market can not continually grow and be in a bullish trend. The market needs a correction, which happens now.

[Whitebit42]

In fact, the price is moving in the permissible norm. Nothing terrible happens, you just need to focus on long-term investments.

[Josh.dc]

hello dear, i think the market will always be unstable that is why you need to adopt in every situation in the market,do not expect the market will do good all the year. so you must be patient sir

[Arcoin1]

The bales are withdrawing money from the market. The embargoes that countries put on. Prohibition of social media ads. It affected everything and we suffered in its consequences.