Why all crypto market goes RED today?

[coinporch]

The speculation is that the drop was precipitated by 8200 BTC being dumped by the trustee of the Mt Gox exchange, putting a lot of sell pressure on the market. And where BTC goes, the rest of the market follows. https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/

nice informations mate, maybe i can said this rumors is a fundamentaly
but, in technically, i think bitcoin price can't break the strong resistant at 10K USD
so, the price down for a big corrections, then when bitcoin price down, of course most of crypto will be red in USD terms  

[ajaymukund]

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?

I think the sharks took advantage of Gates' statements to create FUD. Bill Gates made the most recent statement that he would sell bitcoin if he had a chance. The sharks have recognized it as an opportunity to make the market go down, many panicked and sold off.
That's just a normal downside and the value of the bitcoin is not affected. Trust the bright future of bitcoin.

[Meraki]

because there is a huge dumping happening in the market. Also SK's largest cyrptocurrency exchange was hunted down by their police / government. but i think it will not be long enough and it will go back to normal.

[miyaka26]

The speculation is that the drop was precipitated by 8200 BTC being dumped by the trustee of the Mt Gox exchange, putting a lot of sell pressure on the market. And where BTC goes, the rest of the market follows. https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/

This is one of the reasons why but we have a lot of factors, news, and fuds to consider about that, maybe some whales and major investors want to play it safe by converting their funds to fiat or other cryptos so that they will not be dragged by these Mt.gox trustee thousands of bitcoin dumping scheme, he just move the funds away from the former wallet but people tend to react fast, they monitors these wallets for sure.

[kc.]

If BTC goes down, all the alts follow usually.

[HuyenTKB9]

A lot of FUD news coming whenever the market downs. I think it coz the whales is taking profit (200% since the last dumping: ETH from $350 to $850 within 1 month)

[Alexandr_Egora]

red market is good! this time to buy whith discount!

[qazgroup]

Do not worry this dip was due to a negative news that a korean exchange is under investigation in the fraud allegation, so this is not a fud news in fact, it is good that crypto exchanges are regulated for more confidence for investors and the market will recover quickly i guess.

[shaman11]

because its correction time sir, but we will see more better results in next week)

[cryptomoon1003]

South Korean crypto exchange police investigation is the reason it seems that crypto market goes down... But, consensys is coming up next week which is worlds biggest event with 8k people in participation

[btc-facebook]

All we can do is just wait and see how far the red will be going.

For me personally, It's not a problem since I try to keep hold no matter what happen at least until 2020 since I believe bitcoin value will increase significantly !

[Shazxdx]

Multiple reasons/rumors for this. First one is removal of some thousands of bitcoins from south korean exchange which put pressure on selling. The second is adoption by wall street. But i think its just a correction which was expected by many top traders.

[idioma1]

Yeah market is so transient but do not worry ups and downs is a usuall practice. The most important thing to keep in mind during slowdown is that it's normal for the crypto market to have negative years—it's part of the cycle.By staying calm and not making any sudden moves, you'll save yourself from becoming a bear's lunch. Like do not sell and do not buy. just be patient and wait till it will grow

[crisanto01]

Yeah market is so transient but do not worry ups and downs is a usuall practice. The most important thing to keep in mind during slowdown is that it's normal for the crypto market to have negative years—it's part of the cycle.By staying calm and not making any sudden moves, you'll save yourself from becoming a bear's lunch. Like do not sell and do not buy. just be patient and wait till it will grow

They have said that every Friday seems to be always red since a lot of people are selling their coins and accumulating their profit, why some are doing this as an advantage for them to buy more coins.

[CLS63]

all crypto market goes RED today because bitcoin has been downing since yesterday. If bitcoin starts to rise, subcoins will come to normal prices.

[deadthings]

In my opinion it is correction time, it should last short time so in near future everything will back to norm and bitcoin increase own price to 11-12 thousands dollars

[CopMom]

This is also a question that I have not found the answer. Indeed today the exchange rates of the entire market plummeted, the altcoins all over 10%. Some time ago I read a very accurate market forecast that after the BTC reached the $ 9000 level, it would quickly drop to $ 8200 and then quickly recover. So I think this time BTC will reduce to prepare for a rapid price increase coming soon.

[Xcvbkol]

I think it's just speculation. I doubt that we need to look for additional explanations. history repeats itself constantly.

[btctop1]

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?

wall street adopting the Bitcoin so it is move forward in tomorrow know it is little green in the market. So you should wait and see the Bitcoin hype. This month is not a wealthy jump but this will reach 11k USD to 12k USD is possible.

I really hope that you are right. In any case, next week we expect growth due to the event. It will be good if this lasts until July.

[mx667]

Usually, it is because of the dropping price of btc. Some corcrection is come. It is just another fork or something like that. Also market is going down because we cant break $10k on btc and there are some rumorur that there are some problems with korean exchanges. Nowadays, btc market are unpredictable. Mostly all people waiting 15th may and Crypto Consensus, after this the market can recovery. Last year a lot of people think that they are a genius trader. In my opinion it is correction time, it should last short time so in near future everything will back to norm and bitcoin increase own price to 11-12 thousands dollars. I wonder, when will btc price go up. I hope that I can collect enough btc when the price go up.