Why is all of the cryptocurrency is down?

[oppo070]

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

I think the bitcoins price is affecting the other altcoins price as well. They are anchored to the bitcoin since before investors invest in such altcoins, they buy bitcoin as the main currency and thats how it affects the altcoins as well.

[alani123]

All of crypto is highly correlated in the markets. If BTC goes down it takes everything with it. Right now the ICO space is bleeding and is not driving that much interest towards crypto anymore so the whole space isn't seeing a price rise anymore. It's a vicious circle at this point.

[princeyeboah]

One thing i learned as a fundamental lesson before joining crypto was that there are two seasons in crypto - the bear market and the bull market. These market seasons alternate, hence there is no permanent season in crypto market. Once the bull market happened in 2017, on December to be precise, it was certain a bear market will happen afterwards.
And let's not forget, this bear market will soon pass away and replace by a bull market. Make the right decision now and buy more while the prices are down.

[faadhilah]

Cryptocurrency is now experiencing a drastic decline due to crypto cycles, and this is naturally the case in the world of cryptocurrency, we cannot do anything because this will recover itself only a matter of time, and we must patiently wait for crypto to rise again

[Clark05]

All cryptocurrency coin right now dumping the value again and because once the bitcoin decrease or fall for sure they have affected to the value of the cryptocoin because they are connected to each other. You can invest more money to bitcoin and altcoins to make more money.

[heleng05]

I only know why Cryptocurrency are getting down right now is because of the main currencies value is in a low price in the market which is bitcoin it own's all the currency in the market. As It changes it's price in the market it always make other currency also change the value that we can't predict if the value of them can recover in the future.

[Mishael]

Yes indeed, during this month the market is bleeding even though the end of the year starts with the red market. Many altcoins are declining and in line with expectations as well as bitcoin, a mass decline that doesn't know when it will blossom again. There is no positive information that can blow up the value of bitcoin and altcoin.

[sentoy]

the decline in cryptocurrency prices was caused by the lack of transactions for altcoins and the issue of tilted issues about bitcoin and the continued decline in prices, but we don't panic we see that next year hopefully we will be as excited as ever.

[batang_bitcoin]

Check all the news and why the market is bleeding.

A massive selling has been caught and big amount of transfers are giving people an emotional pick up to start panic selling. All crypto's are down due to the bearish trend that we haven't got out. This plunge is also been said that has been done by the whales.

[amaterazu]

The market condition is red because there is a lot of negative news about crypto and there is Hardfork so that market conditions weaken. And many people panic and sell their coins at low prices, but not balanced with investment. Now the month has entered December and the price of coins is still falling. We hope that market conditions will recover soon.

[akishang]

I think the main trading coins are going down and its affecting the other price of crypto as well. Their prices somewhat relies to Ethereum and bitcoin so if it goes down, other alts will go with it. Also, I noticed that a lot of sell orders are being placed at the exchange with only few buy orders. This will hurt the supply and demand and ruin the price as whole.

[Rina Ambar]

there is a lot of news that explains why crypto is now bleeding and has a very drastic price decline, but of all the news not all are the same, and in my opinion the interesting news is that there is a deterioration in market conditions due to market manipulation by those who certainly have a lot of capital to do the manipulation. and also most of the news about the deteriorating market conditions, said that the drastic and unstable decline in crypto prices was due to the long-standing bear market that has occurred to this day.

[Leenwar]

Crypto wasn’t widely used until 2017. And when it started to get used a lot, its flaws started to come out. One of which is scalability.

[Escf4]

When the market is up or down, all cryptos are no exempted to what will happen to the market, so as we can see and observe , all the crypto currency are all falling down, they are going with what is happenning in the market as now.

[oxoxoxox]

BCH's forked coins caused the cryptocurrency market price to fall rapidly, and all encryption drops are very big! This decline has caused a lot of panic sales!

[Vanderbleek]

I think that the market is manipulated by a whale, because it cannot be that we have so much amazing upcoming news and the market is still going down. Just wait a little bit more and lets hope that things will change later.