BTC 4000$ and ETH 100$ Now, what happened in crypto market?

[South Park]

I hope thay is only temporary because we need to see again value of the bitcoin and ethereum to become more 5000dollars for the bitcoin and for the ethereum is for thousands of dollars. Don't waste time buy more and you will be happy if vape of that two coin up.

The current prices that we are seeing are temporal, it is impossible for the value of cryptocurrencies to be so low, what we do not know is for how long this is going to last, maybe the prices could last for some days, some weeks or even some months, but if you are positive about the future of the market of cryptocurrencies I do not see why you could not take this opportunity to buy bitcoin or ethereum for cheap.

[1714761405]

1714761405

[bittraffic]

Whats up with all the news about countries accepting cryptocurrencies and all the firms confirming the use of blockchain are these news all junks that these investors care to leave and sell at loss? It looks like those are all lies and it probably just those who were fooled hold while they cashout. But then anyway, I have cashout all the big investments I got though. 

[wuvdoll]

We know that most cryptos exchanged by Bitcoin and Ethereum. Bitcoin is also called King of the Crypto Bazar. Recently We have seen that most of the currency in the market is down. Many traders are concerned about this. Statistics show that after the fall of Bitcoin, the other currencies have the effect. Bitcoin and Ethereum prices have been down for a few months. Currently its price is 4000 and $ 100 respectively. Thus, if the price falls, the investors will be leave from the mid-market. And it could be a big loss for Bitcoin and the crypto industry.

Do you know the main reason, why the crypto price falls?

Both bitcoin and ethereum got closer to those levels but right now they do not have anything remotely similar to that. I think ethereum just got affected by the bitcoin run so we can start with that. Nothing happened to ethereum, the price got affected because bitcoin price dropped and ethereum of course dropped as well because the price was tied to value of bitcoin and when that drops ethereum drops too.

Moreover, bitcoin was self inflicted on the rich people trying to have a war between themselves and ruined bitcoin during those times. Someone sold a lot of bitcoins to fuel the fight, other followed suit and that kept going for a week before they decided they would rather keep their bitcoins or they would be fighting over corpses.