Why is all of the cryptocurrency is down?

[jefcasidy]

Hello, why is all of the cryptocurrencies are bleeding right now?
Is there any news?

No news really but I guess the market is bleeding because of two major reason, the first is because the postponed bitcoin ETF and the second is because of many people are still on summer holidays, things will improve when people are fully back from summer holidays

[1715540391]

1715540391

[BountyGo]

The price of bitcoin rose from $2000 to $20 000 in about 8 months last year. That's an insane surge and this is simple the market swinging in the other direction.

Crypto rises hard and falls hard, this is an extremely volatile market. This is why people warn you to only invest what you can afford to lose and only if you are a risk taker.

[benhill]

Investors wanted to satisfy there conscience before they invest in bitcoin,panic on the colsure of the WEX crypto exchange and the deferment  of the examination of bitcoin ETF brought about bear period, in no distance time i believe things go better.

[abuhazzan]

The crash in price of most cryptocurrencies could be atributed to the uncetainty of the the nature of the bitcoin etf as well as the new regulation of the Chinese government

[soooulliv77]

Investors wanted to satisfy there conscience before they invest in bitcoin,panic on the colsure of the WEX crypto exchange and the deferment  of the examination of bitcoin ETF brought about bear period, in no distance time i believe things go better.

Yes, that's only part of the reason. As soon as the market begins to recover, then immediately there are negative news that ruin it.

[Tim Murray]

It is not true. I do not know who is discussing on the forum. where work and development in the crypto-currency is in full swing. Yes, I do not argue that many coins did not survive the correction and were blown away. but maybe it's for the best. because they were the strongest and most dignified. And we can make good money on them and develop.

[Egaymedina]

I do not think there is a situation to be panicked, feared or frightened because it is extremely normal to have such situations for the period we are in. Of course, the very low end of the price level is not unusual, and depending on the upsets we have seen over the past year, these price levels are not at all normal, but the bear market is very influential. Moreover, the only reason for the price decline and the only criminal are amateurs, ignorant and excited investors. These investors, who make simple mistakes in the current downtrend trend and are caught in panic, also support price decline. The only reason why informed investors are not drowned in these fluctuations is because they must not act in panic and know how to behave in such situations.

[flowers5]

The market is down due to big government and banker manipulation.  It appears to be turning around now but not sure if they will let it run at this time or not.  The ETF decision is coming up so that may cause a bit of drama. 

[haryatiposton01]

I have observed that in the past few weeks most altcoin prices have dropped because Bitcoin prices have also dropped, I have noticed that there are no other causes that make the price of Altcoin down, the influence of Bitcoin on Altcoins is very strong. affected by the ebb and flow of the value of Bitcoin.

[biraddali125]

The market is red again, and also it is not that always a negative decreasing price, there are times it also fluctuates to a high positive percentage.

[killat]

Cryto market is not down, mate, it is all about what you compare with. If you were an early adopter, you might constat that even now you are in a huge profit. However, if you bougt crypto last year at ~ATH, then you most probably still wait for the market to recover.

Don't forget that crypto market is very volatile due to news, political interests, whale's manipulation etc. But nothing lasts forever and bearish market will finish. Just be patient, keep your holdings safe and sooner or later you will be glad for that.

[bamb]

Bitcoin is core reason for cryptocurrency downtrend! If expectations on certain development and milestone is not met, market usually don't take such disappointment likely! The prices goes either way when market is reacting to good or bad news!

[elzjmirra]

The market is indeed unstable to date and the price goes up and down very quickly. The thing I think is influenced by banning the use of crypto in some countries is great. So the big investors currently prefer to leave crypto. And they will return after the crypto recovered.

[DesertOasis3]

Mostly due to the Bitcoin influence and the fact that the market is pinning too much importance on the granting of the ETFs for Bitcoin. Each time a decision is due the market rises each time it fails to be confirmed it falls. In my opinion, the ETF is of little importance and won't make much difference to the amount of money actually coming into the overall space.

[AdamRay]

Hello, why is all of the cryptocurrencies are bleeding right now?
Is there any news?

I think you should analyze and know more about the economics of the present world. You should not spend too much time on the transaction without knowing anything about the external economic situation. That would be a big mistake for you.
Investment needs to have a deep knowledge of the world economy. From there you will understand why the market is rising or falling and it will help your investment.

[jouns]

This is the continuation of a lasting decline associated with a huge correction of the market as a result of last year's huge growth. No one wants to invest in a dubious asset,cryptocurrencies lost investor confidence.

[Bodywowoya]

Hello, why is all of the cryptocurrencies are bleeding right now?
Is there any news?

Because investors do not work, and whales are trying to find the perfect moment for themselves. And of course the general correction and the absence of any good news.

[Vargum]

The crypto-currency market is not stable and many coins go to the red zone, I think it all depends on the ban on crypto currency in many countries. Everyone now prefers hodl and wait when the market stabilizes to get its profit.

[glasbren]

That is indeed the market is going downhill, but in the last few moments, it starting to rise up again.
Event though it isn't significant and yet again it still move down sometimes.

[Krrish_]

The BLockchain industry is more volatile. If it's in bullish mode then gives insane returns. If it is in reverse then the losses are unimaginable. This industry is not transparent, if the legality applied then the voltality reduce and organic growth will occurs.