Why all crypto market goes RED today?

[Carina.P]

A non centralization market is like this. A negative news that does not know the true or false will cause panic. With the decline of bitcoins, other tokens also fell.

[1714119423]

1714119423

[chandrarahmadewa]

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

What is going on?

Remember the law of supply and demand. Don't panic my friend, hold your investment for long-term, let them sell their assets. when demand volume is thinning, the supply volume will increase

[Casmiro]

Is not a reasonable condition in crypto if there is an increase and decrease? the current condition is still my value as a fairness. If the price is still low, hodl just first. While waiting for the price of the coin to rise, you can do other things. For example join bounty campaign or work in the real world.

[jtbcoins]

We don't need to panic. Yes, all market is red now, but this is only 10% dump. In cryptocurrency we don't even notice this changes.

[agusiska]

maybe is a related by news that korea make a tax for crypto, then most people make their dump before they get caught by tax.

[Karisma Black]

It's because of the UPbit fraud issue

[batang_bitcoin]

What is going on?

There's some action in South Korea.
Cryptocurrency Market Sees $50 Billion Loss, Bitcoin Price and Tokens Down Significantly

It's because of the UPbit fraud issue

Thumbs up.

If someone there is worrying at today's colour, red the encouraging words of everyone here. Don't panic and learn from this moment on how you can see this as positive event.

[Sarisang]

some news not wearing start plagued bitcoin back. but don't be too thoughtless because certainly, the situation will get better in a little while back. Don't be too easy to sell coins when prices are like this.

[ropyu1978]

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

What is going on?

I don't know why this is happening, I have not done any analysis in this decline. but this is probably only a small correction. yes, i hope this is a small correction. but the conclusions we can take from this decline. can wait and buy some altcoin or bitcoin with the price down.

[Ekaterinat]

The cryptocurrency market is very volatile so it is not surprising that prices go down for a short period. If we analyze the dynamics of prices over the long term, we can see that prices have increased and in the next couple of years, this growth will actively continue.

[rreeve]

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

What is going on?

Using words like 'dump' is just FUD
The markets have been down for a few days, that's it, end of topic.
Theres no rhyme or reason for it. (Well, actually, there probably is but it's nothing worth concerning yourself with) We all know Crypto is a young and volatile market that swings both ways.
If your happy to accept a bullish market, then it's reasonable to also accept the bearish times too.

Even though it may appear you've lost some of your investment, the reality is you haven't because we all know it's going to reverse.

The ONLY people that should concern themselves with this small decline is the people who intended to cash out today. If not, just forget about it and view this as a great opportunity to hodl some more at a nice discount.

All of my investments are long term (minimum 5 yeas) so I love it when I see a few days like this as I can get more of my next Altcoin (EOS) at a much better rate.

[jakaKak]

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

What is going on?

Unfortunately, there is too much FUD going on these days. First the ETH SEC thing and then the bank of America FUD and on the end japanise exchange problems. There is just too much pressure on crypto worldwide right now.

[koincik]

The market needs a few positive developments. And unfortunately the bitcoins that are sold in the stock market fraud that we have been through the day will continue to hurt the market. It should not wait too long for this bad effect to take place in a short time. Unfortunately, these events are not forgotten in a day. It is good to hear that a lot of big investors think that they have bought Bitcoin in a considerable amount of these prices. I'm sure some of the altcoins have made some budget.

[rreeve]

Some people do make me laugh.
Oh no, why's it doing this?
The price has dumped!
Whats going on?
Ahhhh Ahhhh

I dread to think how some people reacted at the bigger decline earlier in the year.

Just look at it as a BUYERS MARKET. It's GOOD news. Hopefully this latest small decline might motivate some of the major global financiers who are watching from the shadows to jump in. If that happens, you won't be complaining for long.

[BossMacko]

There was a FUD regarding an exchange and it affects everything from crypto world price and other exchanges but  there is nothing to worry now because everything was settled by that exchange already. Price will go back up soon sooner or later.

[malading]

Don't worry too much about your friends. In the past few days, some news from South Korea affected the Bitcoin market, which has caused market panic. There is also news that a large amount of Bitcoin has been sold, causing prices to fall due to excessive pressure, but all of these will soon pass. The market will once again thrive.

[Qahay]

They began to sell more than buy, so the price of alternative currencies began to decline, this is a normal event.

[K0korap]

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

What is going on?

I've heard that it's due to a company that sold  huge amount of BTC. This increased the supply of BTc affecting its Price.Since BTC is a major platform to which most of the altcoins are derived, a dump in it will definitely affect most of the coins.

[titan20]

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

What is going on?

Honestly, I don't know why the market is red again, but at least not that drastic drop.
I think everything is fine for now 

[Wasaisisi]

I am also confused as to why the bitcoin price is down pretty good. Is there anything going on out there that affects bitcoin prices?
But what I understand from the past the bitcoin cycle is always down and up unpredictable.