Market red every currecny, BTC below 7k why?

[bharatgandass]

Please experts tell, why market red in every currency and why BTC below 7k?

[livingfree]

Please experts tell, why market red in every currency and why BTC below 7k?

When the market is red it only means that there's a big supply that is in circulation now.

And you might ask why the alts are also affected by bitcoin's fall? It only means that most of the alts are dependent to bitcoin so if bitcoin falls, alts are falling too.

[Gozie51]

The reason is usually that a news is waving around that must investors don't know about and the few that knows starts dumping their buys to sell. It is basically panic from outcomes of FUD.

[efodix]

BTC is like crypto index, so when it goes red, other alts also tend to go red. The market is volatile, especially now when it has sideway trend at the low level prices, so this situation is not a big surpise

[tolgahanuzun]

One of the reasons for the fall of the market is the wrath of the Korean stock exchange. But most likely there are several other factors. in the near future we are waiting for a return to $ 8000

[huynhdieutuong]

Because supply and demand in the market. By monthly chart, btc may fall back to 5k.

[h0lybyte]

Seeing ups and downs in crypto market is usual, you can not expect only highs everytime but to make real profits out of bitcoin you should invest and keep waiting. The upward trend starts from november to february according to my research. Currently it is time to store bitcoin and watch for right time

[Fray]

Actually this is an unpredicted turn. All the analysis were pointing toward a positive growth but instead a correction happened. There isn't any perfect reason that can support this correction. But I think, it is some whale playing with the market.

[Sergo Grigo]

The price of Bitcoin falls due to the negative news about the hacking of the Korean exchange,and after Bitcoin, all other crypto-currencies fall. Personally, I think that all this negative news is another manipulation on the part of the big players in order to lower the market.

[olubams]

Please experts tell, why market red in every currency and why BTC below 7k?

If people know the answer to the this question, the number of people on the forum would reduced drastically. The reason why a lot of people are here is to check if someone would provide the answer and I am not even sure if someone who knows truly will want to say it because that is the key to unlimited riches. My advise, rather than looking for answers on how the market is the way it is, more interesting and profitable to make more returns out of the current situation which is what I believe a lot of people ade using as a form of consolation.

[Kumic]

Once again is down. Panic will slowly start, end of the world soon after and up we go again in a circle.
  popcorns are ready, but the movie is same old, same old.

[Katabit]

This was to be expected. Bitcoin did not pass above 12k, then BTC could not keep position above 10k. After that, investors had a lot of doubts about the further growth of the main cryptocurrency. As a result, we see a sharp drop in the market.

[cryptofunn]

I think that this is not the end. if you believe in the industry, then you should wait for this recession, because sooner and later it will end. Bitcoin needs to cool down properly, what next move to higher goals

[ajqjjj]

Please experts tell, why market red in every currency and why BTC below 7k?

Bitcoin is the only reason in red market. Because many rumours are spread crypto investment and some countries are fix the regulation in trading so many peoples are move to some other platform this is the main impact of price fluctuation but some cheap altcoins are grow fastly so some whales also involve in red market.

[Averaged]

There is no need to search the cause of the bitcoin fall every time.
If you came to this market, you must have strong nerves to calmly sit it out.

[jvdp]

Please experts tell, why market red in every currency and why BTC below 7k?

Really damn to see the crypto currency market in the red phase now bro. If you really want to invest use this situation, you will be able to find the profit in some days or weeks for sure. If you want to find the reason you will get the answer as hacking, regulations and banning issues.

Personally I really think regulations and bitcoin stolen around 1.3 million may be the situation for the recent dump.

[xPotato_02]

I'd say because of stricter regulations compared to last year, plus all the fud news. But I really think the next bull run is near.

[tomsoier]

I'm not an expert and I'm unlikely to become one, but I can assume that the current market correction is related to the activity of the CFTC, which requested data from major exchanges about trading after the launch of bitcoin futures.

[jems]

when bitcoin decreases then altcoin usually also comes down, this is caused by most altcoin depend on bitcoin. but I think this is the umpteenth time bitcoin has decreased to less than $ 7k but it will go back up.

[SergeyGvo]

Today's situation in the market is not a novelty, it has been repeated many times in history. Look at the schedule 2013 - 2017, at the end of 2013 PTS cost $ 1122 and after it fell to $ 213, and then until 2017 could not recover, for 2017 - there was an increase to 20,000