Why do you think the market is down right now?

[PoseidonF]

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

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[Marcel666]

Most people are skeptical pending announcements regarding bitcoin ETF.
I think theres a massive shift to fiat holdings.
Information and announcements tend to have a telling effect on the market.

[sunsilk]

is it all that is going on with regulations?

Regulations or not, it's all caused by the market itself. Having more people that are selling today cause the market to go down.

Big whales just waiting?

Waiting for the increase? they are also thrown that they are responsible for these dips. Whether they are part or not still it's been pushed by many sellers.

People do not believe in crypto anymore?

I don't think so, many are very much interested to it. Average people and companies.

is it trouble in some countries in ASIA with laws and regulations?

No.

[eann014]

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

In my opinion, big investors already quit into bitcoin, because the price is too low now and they think Bitcoin is slowly dying now, but in my opinion, let's prove to them that bitcoin is not going to die, it is just taking its right time for the recovery of the value, who knows? we can have another ATH's for a year now.

[pinot95]

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

Governments around the world are beginning to act on Bitcoin and cryptocurrency regulations, because many have over Bitcoin's safety as an investment and trading commodity. Despite of the market downfall traders are less concerned with these movements of price and are not letting the typical Bitcoin fluctuations get to them. Some are explaining the current price as still massively positive, especially if one zooms out on the charts and looks at where Bitcoin is in the bigger picture.

[viacheslav92]

I think there is a preparatory stage. After that there will be a pump.

[yohananaomi]

It seems that there is a lot of information on the news that some social media who do not accept crypto so that the sentiment also affects many who panic over the news, but the time will be stable once the information is clear

[ronafurw]

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

You don’t need anyone to even tell you that the price has already reached its lowest and is going back up already. Don’t be surprised when rush comes cause that’s probably going to take place ending of this year. Haven’t you been watching the price as it went from twenty thousand and dropped to six thousand dollars ($6,000) and from there it has gotten to eight thousand dollars and still showing signs of going further to a bigger price. If the price rate of six thousand wasn’t t lowest it would have continued to go down to five thousand or so.

[Neutronbot]

You should be convinced that whales/sharks have more opportunities to make money when the market falls, because the price of coins will be very low!

[marlon45]

I think that the market will go down a bit more tbh and then once it bottoms out it's buy in time. The lows and highs are common but this is the hardest time to stay motivated and believe in the future of bitcoin.

[Slow death]

is it all that is going on with regulations?

yes

Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report

Dutch Central Bank Does Not Consider Cryptocurrencies as ‘Real Money’

Australian Bank Bans Use of Home Equity Loans for Crypto Trading

Vietnam’s Finance Ministry Proposes Temporary Ban on Crypto Mining Hardware Imports

Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts

India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September

Big whales just waiting?

Probably, They are selling

People do not believe in crypto anymore?

Many people are probably not using cryptos because their governments are creating barriers.

is it trouble in some countries in ASIA with laws and regulations?

not only in Asia but in other continents there are countries that do not like bitcoin and encourage their people not to use bitcoin

[ralle14]

I have to agree with marcel. The main reason why the price is way down because the SEC postponed the Bitcoin ETF. This is just short term losses that anyone shouldn't be worrying about unless your a day trader. Bitcoin is still in a good shape to go back up in the next following months even if it gets rejected by the SEC.

is it trouble in some countries in ASIA with laws and regulations?

Doesn't seem like there's trouble in several asian countries. If this was the case the news should've spread by now.

[samelvis]

Marketplace is controlled by many factors but of recent I think the cause of the recent dip is due to the postponement of the ETF meeting. Hopefully the effect will wipe off and market will be green again

[carter34]

From what I'm seeing, I believe the market is down because of the outcome of ETF and unfortunately, I think we are still going to wait till September 30th. Investors are not having confidence in the market, they are withdrawing their orders.

[Kemarit]

is it all that is going on with regulations?

Probably but its not the only factor. Yesterday the SEC decision on Bitcoin ETF was postponed till September. That's one reason why the price suddenly slump again below $7000 and we might see another bottom. But please don't panic.

Big whales just waiting?

Whales will be whales. They will take advantage of every market situations.

People do not believe in crypto anymore?

No. There are people who still have faith in crypto. If many have lost their believed then the price should be on the 3 digit mark already. But the price is still going strong despite the many bumps that we encounter this year.

is it trouble in some countries in ASIA with laws and regulations?

There might be trouble not just in Asia but all over the globe. But we all know that crypto is unstoppable and you have to remember that there are nations who is very friendly to bitcoin and crypto as well.

[Ridwan Fauzi]

is it all that is going on with regulations?

Regulations or not, it's all caused by the market itself. Having more people that are selling today cause the market to go down.

One of them who can change the market condition is information/news whether it's regulation or other things. Recently, you can see the price drop is caused by the SEC which delayed its decision. It has become a culture especially in cryptocurrency market movements be it price up and price drops an investor will depend on information when they have the decision to sell and buy bitcoin or altcoin. If it is only caused by the market itself, in other words, a trader who relies on TA the decline in market prices will not be as big as it is now.

[John_Davis]

Humans have a natural desire to find causes for everything that happens around them when sometimes those causes are not easily discovered. This is why sports commentators will always have a good reason for you about the performance about your favorite team. They want to make you feel comfortable and say "ahh, ok" instead of sitting there in wonder and frustration. It's the same with markets. Watch headlines do complete 180 degree switches from "this caused that" to "that caused this" after the market hits a price rejection point. Markets bounce. End of story.

[HSRP]

It seems that there is a lot of information on the news that some social media who do not accept crypto so that the sentiment also affects many who panic over the news, but the time will be stable once the information is clear

It is possible that newcomers are still bewildered. And they may borrow somebody to invest their money, so they can not pay back their debts. So many sellers have had a direct effect on the market. There are also quite a few people who have such sales or others to influence the market. Therefore, there is a need for a more civilized community to participate in good sales.

[raraibodas]

Crypto market down because breaking news that the winklevoss twins application for a bitcoin exchange-traded fund ETF has now been rejected by SEC

[Caogou]

The trend of the cryptocurrency market has been affected by many factors, but I don’t know what caused this recent waterfall, but I think this decline must be related to the whale!