Market red every currecny, BTC below 7k why?

[Rejinx]

This was to be watched. Bitcoin did not constitutional in the hurdle of heaven 12k, so BTC could not supporting spot in the hurdle of heaven 10k.

[Cagan]

As the price of bitcoin rises, subcoins rise and fold. But in parallel with the thought of bitcoin, subcoins also fall on the floor and floor. So the price of bitcoin determines everything. Let's hope that the bitcoin is up and everyone is winning. Otherwise our work is very difficult.

[clawdiw]

BTC is still under 7k because is still suffering from the correction after the all time high in December. Most of them are in red because, pretty much, all of them are following BTC, the king

[Raist]

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

BTC price cannot be anything but exceptionally volatile. Every day new BTC are born and mined. They must be consumed. This situation needs money flow into the market. That means permanent demand. If BTC price is growing at the same time it means that demand must grow too in order to confirm the price. It is very interesting like goods with hourly supply and hourly demand confirmation. And as BTC is a saving instrument and front player of blockchain tech it depends also from expectations and regulators. So the price is as unpredictable as Sirius Black.

[Fatman861]

I advise you not to pay attention to this, but to get calm and wait! Weak players will leave with nothing. The strong will be the winners! A lot of money is at stake! Now is the ideal time to buy!

[baconlike]

Because when the BTC is under $ 7000, everyone sees it as a reasonable price for them to buy. And when buying in much, boosting BTC price increases. That is the principle of the Crypto market, based on supply and demand.