What Exactly Caused The New Drop Of Crypto?

[cahbagus555]

There have many reason for this kind of inconvenience that called market price fall-down. One of them is corona virus, the country of the china is more essential for financial supply to the whole world, at the time the many more county are have been away from product exchange so that reason i think the crisis is create for this. But its improving to get along with the new wave of rising .

China now plays an important role in the world economy. Trade and manufacturing in the world depends a lot on China, so that when China experiences an extraordinary event, the whole world will feel an economic slowdown

[Wildwest]

In the crypto world something like this can already increase the price of it all depends on the market and the news that has been scattered about the crypto world, perhaps currently the price is going down then that's the influence of the negative news spread so also the opposite, and now we can see the state of the market has started to recover and the price of Bitcoin and altcoin back increased.

[thesmallgod]

In the crypto world something like this can already increase the price of it all depends on the market and the news that has been scattered about the crypto world, perhaps currently the price is going down then that's the influence of the negative news spread so also the opposite, and now we can see the state of the market has started to recover and the price of Bitcoin and altcoin back increased.

Most time people take profit when the crypto price pump and thereby reduce the price. This is what is called market correction in some cases. However, the drop in price is not that bad if you check how much and the rate at which it drops. The next crypto run might see bitcoin above 10k even though halving is still very near.

[NextDoor125]

I fully believe that the reason for this kind of decline in the crypto market or its price is because of the particular disease and economic , business and industrial lowdown  . Because of this, the economy is controlled a lot by the corona disease. Hopefully it will recover soon .

[HerbertMarcel]

Each of the reasons that have been raised here as a reason for the decline of the coin market is logical and acceptable. As a result, we can easily understand what causes it. So, I would like to identify the reasons and find a solution. Thanks.

[btc_angela]

By now we already know what is the reason by this sudden drop of the price, it is because of the Covid-19 pandemic. And not just crypto but the whole traditional market also went on a downward spiral. So it is a scary sight to see our portfolio going down. By just in short amount of time, the drop turn into another bullish signal and then we recovery slowly in the next two months and here we are today. The price of most altcoin is where it was prior to the decline. So for those who have panic during March 13-14 are regretting their decision to sell-off because of fear and uncertainty in the market.

[ReliabilityAlert222]

I think the reason for this disgrace is to not get a share of anything profitable. The main reason is that the market is not going to be profitable in the current year compared to the previous last year, so the investors are chasing.