What caused yesterday and today's reasons for the plunge in bitcoin and other cr

[sell100]

What caused yesterday and today's reasons for the plunge in bitcoin and other cryptocurrencies?

[1715067748]

1715067748

[1715067748]

1715067748

[1715067748]

1715067748

[KingScorpio]

What caused yesterday and today's reasons for the plunge in bitcoin and other cryptocurrencies?

market is moving away its

1. attention

2. support for bitcoin

bitcointalk alone lost viewers since alsmost a year and in september bitcointalk lost 24% viewers.

https://www.similarweb.com/website/bitcointalk.org#referrals

people might completely forget bitcoin in the future. reason is that its not really in the "people's" big interest to support bitcoin only in the "miners" interest or the hodlers.

regards

[biskitop]

the main problem is people who have a lot of balance in the wallet or often called whales sell all their coins and make the market drop drastically due to massive sales simultaneously. plus FUDs that make people panic and sell. theoretically supply and demands, if the demands decrease drastically or there is a large-scale sale, the price on the market will drop too.

[bbc.reporter]

What caused yesterday and today's reasons for the plunge in bitcoin and other cryptocurrencies?

Bitfinex locked fiat deposits and withdrawals again because they lost another banking partner. Their bank account in HSBC was in question because they opened it under another company name which might only be a shell corporation, I reckon.