Why is the market red

[darkanonim]

I think that the market fell down due to the fact that for several days the rapid growth continued. Today we see a small correction. This is natural.

[Walexizi]

I think market is red due to lack of patience of investor and the way they dumping at any value, and also the kind of news which is fud people reading on various platform .

[chickenado]

I think that the market fell down due to the fact that for several days the rapid growth continued. Today we see a small correction. This is natural.

The closest reason for this is the panic selling of the traders. That's why the market is in red. And also the sell order gets higher and the supply gets low so the buyer attempts to do risk even if the price is low. As simple as that.

[KryptoKai]

I wonder if it's co-incidental that the myetherwallet hack happened around the same time that the erc20 token was hacked. This kind of negativity on a widely used platform is bad for all crypto. Ethereum will dump badly after this.

[rlcarriers123]

Yes, I want to ask this too. I thought that the market continuing his upward progress even slowly. But today as I've check, all price got downed.

[cryptoheroin]

MEW hack incident could e a major reason why bitcoin's value has decreased,but mew announced that they fixed it already as the hackers hijacked those DNS servers of ethereum,these people has stolen thousands of bitcoin which is why the whole market shakes,and most of these weak handed people are going to lose bigtime.

[vike]

This is a common manipulation for most newbies to sell their coins in order to buy at the best prices 

[david0ikari]

There is plenty of factor about it.... this is just FUD or market manipulation....The purpose is to lower the market for a good entry point. Weak hand will sell, and the market will dip...that's it and at the moment institution want to get back ..but they do not want to pay the price ...so we can see red sea in the market...

[TheFirstCreator]

I can not find a plausible explanation for this situation, because everything on the market is changing too fast and it's hard to make predictions for the future. Perhaps because of Bitcoins dump..

[gelli]

I'm in shock from what all again at some time red. Only there was a hope that everything went up, as the market again became red. I don't understand what that has to do. I'm upset.

[boyjackyou]

Might be the mew incident last day, which triggered most of the investors to sell their coins just to be safe from the dumps that most of the people are going to do,i wont be selling anything until bitcoin's value will be considerable.FUDs has something to do with these dumps because of mew's hack incident most of the people has bought it,that is why if that happens those people who has it are going to be tracked easily.

[Johnnywelsh]

I think it's just the whales doing a classic pump and dump, or people who got bit in December making the most of the up peak and selling what they have left at a minimum loss as possible.

[Usui-Kun]

I think it is because more peiple are getting afraid into crypto since more countries are banning them and making their people throw away the idea of crypto. But do not worry since there are also countries that accept crypto now.

[fxcryptotrader]

It was almost overbought.correction was due.Whales tried to play as well.

[Megashaw]

I guess the market is reacting to the FUD caused by the MEW  hack yesterday.
Loads of people lost their coins.
The crypto community needs to come together to counter and combat the issue of hackers and make the cryptoverse safe for legal and unsupecting investors.

[Palider]

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?

Because most the people tend to dump their coin during recovery thus it went red again, and another factor was the MEW hack using google's DNS. This is why were down again but it is  a matter of time it will recover soon again.

[Ailmand]

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?

I am not sure if you're accounting for everything, but the market right now is actually doing a little good and is starting to gain and go green. So, maybe the time when you saw it red is either outdated or not considering every detail, or most importantly, the significant assets in the market. Many people are actually in a good state right now because they see that the market is still alive by seeing all these positive changes and increases in the past few days and weeks. Hopefully, it's the start of something good mate.

[Olalomi]

Price movement is not a one way traffic that means markets cannot be green everyday there are days which price pullback is being experienced invariably turning the market red and this is an opportunity to buy in addition to the existing coin

[johnyespapa]

Because of the allegedly google DNS hack causing mew website to be hijacked stealing millions of ethereum assest from the mew wallet users.Though it was fixed already most of the people was informed that the mews were hacked,that is why a lot of people did sell their tokens to secure their money causing ethereum's platform to get dumped.

[RicardoRicky]

be patient the storm is pulling over, but do not worry, this is just a small storm, the opposition between anging from upstream to downstream, will soon recover.