What just happened?

[bpchill12]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

[Awoben]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

A major withdrawal just happened in Crypto, I see it as manipulations, from $220b there about to $191b, thats massive.

[jrrsparkles]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

All the cryptos were belleding in red for now but don't know what is the exact reason behind this and as above says it maybe a whales action of huge withdrawal or some negative news about the cryptos were launced to the crypto community.But I believe this won't stay much longer we will see the red days in soon.

[bpchill12]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

All the cryptos were belleding in red for now but don't know what is the exact reason behind this and as above says it maybe a whales action of huge withdrawal or some negative news about the cryptos were launced to the crypto community.But I believe this won't stay much longer we will see the red days in soon.

You believe crypto will drop even more ?

[ralle14]

All prices are down due to Bitcoin's price. Checking last year's price movement the same thing happened during the month of November the price suffered quite a bit but eventually recovered. Now that almost every crypto is starting to lose value others are quickly moving to stable coins as the trading volumes nearly doubled for tether.

You believe crypto will drop even more ?

It could continue to drop more in the next day/week once more people are aware about the price but let's hope that it won't.

[rodalutor]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

All the cryptos were belleding in red for now but don't know what is the exact reason behind this and as above says it maybe a whales action of huge withdrawal or some negative news about the cryptos were launced to the crypto community.But I believe this won't stay much longer we will see the red days in soon.

You believe crypto will drop even more ?

I likewise don't know the exact reason but the previous bottom has held strong so far. If that continues to be the case then it's positive news, at least in the long term. If the bottom holds then the bears become weaker.

[grumpy619]

I have long been not afraid of such a sharp prices drop, the main thing is always to be ready for such a scenario and if you trade, don’t forget to set stop losses. I don’t trade actively , so I didn’t set anything, It can be a bear trap. We'll check tomorrow.

[BravO_o]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

What do you mean, what happened? The market has lived as it has since 2008. I don't understand why you're asking such questions. Do you have any suspicions about the death of the market?

[XCANA]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

The major causes of this sharp drop on coinmarketcap is as a result of panic sellers who have no believe on Bitcoin and in general cryptocurrency. Bitcoin price has drop below it normal support zone which is unimaginable at this time were things have fall apart. Hope that the price recover soon and panic sellers never sell to worsting the market current price

[Nnuego]

A major withdrawal just happened in Crypto, I see it as manipulations, from $220b there about to $191b, thats massive.

I believe you are referring to the market capitalization of all cryotocurrencies. Well when it decreases or increases it is not as a result of withdrawal.
Market cap is gotten from the product of the total supply and market price, and when the market price goes down, so does the market Cap.

[Lisa110386]

Let's hope that this is another manipulation, and soon the market will recover. I agree that this situation is a bit similar to the situation in November 2017, not only the fall, but also the manipulation of bitcoin cash.

[grendel25]

Could be a lot of end of year selling people thinking to capitalize on losses for tax reasons.  Personally, I think we'll see prices around $2K pretty within the next year and then a slow climb followed by another massive explosion around 2020/2021.  Just seems like it follows the previous bitcoin halving cycles as well as significant crypto events like ICOs.  

Sort of just depends on various news aspects and what might drive further demand for cryptos.  

[IVEXO]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

Nothing else happened except a fantastic drop in price to create an advantage for willing buyers
You should have expected the dump , did you expect too much this month ??

The market cap volume is improving and the increase In price would happen too
But when it will be ? No one knows yet

[Snaic]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

The major causes of this sharp drop on coinmarketcap is as a result of panic sellers who have no believe on Bitcoin and in general cryptocurrency. Bitcoin price has drop below it normal support zone which is unimaginable at this time were things have fall apart. Hope that the price recover soon and panic sellers never sell to worsting the market current price

Yes, now there is a sharp decline in the rate of cryptocurrency. Bitcoin is in the price of around $ 5,600, and its capitalization has dropped to $ 98 billion. Ethereum fell in price to 179 dollars. This is a low decline in price and on the news I did not find anything to explain the reason for such a sharp drop. And this is in the middle of November, when we expect the traditional rise of the cryptocurrency market.

[lelou]

My theory is this is just another market manipulation and just what happened this past few months. There's always a price pump after a dump and vice versa.

[GreenAnat]

I understand that the question is most likely related to the cause of today's fall in the price of bitcoin and the rest of the altcoins. One of the reasons (possibly) was a power outage to large miners in China. The authorities of the two regions of China with the cheapest electricity stopped supplying the main resource to mining companies because of bills arrears.

[hesham51]

LOL, Not this what we were dreaming for December this year, I think this because of SEC have something to say in this field, the policy of USA will not gave up and it has the ability to change it as per their economy.
You can read this article : https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/
 

[Kazkar]

If the predictions are correct, which I read, then the situation will change at the beginning of the next year. We will see how the market will behave.

[Alert31]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

   I think it's a just a quick downfall but it will not stay longer in the lower price. It will increase more in just an hours. We need to stay positive and calm. Make this time as an opportunity to buy more in a hurry before it will xlb high.

[Genemind]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

Do not panic, the market had been dropping and rising a lot since the year started, so I guess there's nothing new here. Well, if you can just buy the dip, the market had been holding a strong support and the prices never dropped to hard. So, once the market recovers somehow, you can gain some money from it.