what causes the price of altcoin down?

[BTC_ADA]

The price of altcoins very much depends on the main and the very first Bitcoin,now many are transferring their deposits to Bitcoin because it is the most confident,it follows that the capitalization of altcoins falls accordingly and their price.

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[KKH84]

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

Yes, I agree with you, indirectly Bitcoin has a large enough share to determine the price of altcoins on the market and this continues to repeat every year.

[localcrypto]

mainly altcoin price will be down for two reason the main reasons are bitcoin price and next reason panic created in bitcoin will turn cryptocurrencies  to turn red all are interlinked currencies

[Scientest]

It's simple. Bitcoin is gaining more and more domination and that's why alt is decreasing. Of course, the red blood is the perfect time to grab your chosen investment. But, I would wait for a little more days.

[shencaiha]

I think all of this depends largely on the price of bitcoin and ethereum.

We hope that in the near future, the price of bitcoin may go up, and then all COINS will go up.

[carrascos]

market manipulation and bad news background because of this and the price for any altcoin

[alvin345]

There are a lot of premises for this decreasing. World's economics are so significant for crypto because people's ability for buying is very important in crypto.

[ezakmisd]

Perhaps it achieves its goals, because each currency has its own goal, about which few people know. You need to analyze well to know. Hurray! I myself have been waiting for a week after bitcoin rose, because now it is green again. This is very encouraging, all good and positive. 

[FortuneTreats741]

Because of the market instability. Market manipulation is also guilty for that.

[Topmenx7x]

I see the small volume of trading volume in the cryptocurrency market, and I start to think if the crypto market is also affected by fiat?

A sharp drop in the rate of the crypto currency is not a reason for panic. Sometimes it does not mean anything at all - just for some reason the course has temporarily decreased.

[cotton ball]

I see the small volume of trading volume in the cryptocurrency market, and I start to think if the crypto market is also affected by fiat?

A sharp drop in the rate of the crypto currency is not a reason for panic. Sometimes it does not mean anything at all - just for some reason the course has temporarily decreased.

It all depends on the point where we make a purchase at Crypto if we buy at the highest point and at that time the price has decreased very deeply, of course we will experience panic because we will experience losses in the form of price and time. we will spend because of course if we buy at the highest point it will take a long time to return the price because we are very confident that the price will obviously come back again but everything is just a matter of time.

[SkillOfToper]

I believe that crypto currency will only increase with time, as the number of people who will invest increases. However, it is necessary to work on the bandwidth of the crypto network so that there are no problems with translations.

[zcooipo]

We all know that there is always a close connection between cryptocurrencies. When Bitcoin and ETH start to fall or rise, 80% of coins will follow this trend!

[Ms.Anna]

The cross-effect of the courses of various crypto-currencies is also possible. So, with the growth of the bitcoin price, other crypto-currencies (altcoins) usually sink in USD, EUR, RUB, and other currencies, and are even more cheap in relation to bitcoin.

[jessyj48]

Now is just the best time to buy altcoins ,they are very cheap now that the market is down ,the ETF and manipulation is there but bitcoin is just too strong .very soon everything will get back to normal ,invest while you can.

[Motokonomo]

The cryptocurrency market in general face a lot of bearish in price because of the cryptocurrency blood bath and a lot of shitcoin have not survive since then. Therefore, not all altcoin are dumping in price this days and only coins that lack utility will not survive current cryptocurrency market.

[Pure01]

All the money does not think in my opinion. It is expected that this fall in the market will increase again. Now, I have finesse and this is starting to bother me. My friends say you're going up. I hope this happens.

[Ailmand]

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

I agree. These days, especially, most of the altcoins' value react to how Bitcoin is doing. And since Bitcoin right now is not doing that good, then most of the altcoins would follow suit and dwindle in value as well. Bitcoin, as one can say, is the coin that carries the market, being the one with the greatest value and popularity. And so, if that carrier weakens, other assets, which in this case, are the altcoins, would have the same fate. Hopefully, the market will show some good trends in the next several months because it is really affecting the market quite badly.

[canej]

The state of the economy and some adopted laws alone can stimulate demand on the crypto currency market in the long run.

[LeetPoolsOP]

News about important technical updates in the software mechanisms of crypto-currencies. In general, it is very important for the trader to follow the news and to imagine with what effect they will work out on the crypto-exchange rates.