What's causing the decline this time?

[jossiel]

I think there are two possible reasons for this. One of them is Grayscale's actions. The other is the usual volatility of Bitcoin.

Grayscale is one and I think it will remain for 2-3 days until we see some green.

To be honest, I feel myself closer to the volatility of it. It's just going up and down like always. And actually there could be another reason also. When the buy amount is less than the sell amount, the price faces a resistance and drops down if it can't go over it.

It's common to see bitcoin do such. This shall pass once the date was already passed on and we're about to see that it will recover. What's good with this, it didn't pushed below $30k. I guess that we're still a good position until it breaks that barrier.

[1715096989]

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[lalabotax]

I think people are afraid to buy and prefer to sell after an issue about Grayscale to sell their BTC in the near future. Who sell their Bitcoin or Altcoins right now, probably expect to get USDT to buy in the next possible huge dump. But it is still speculative, everything can change suddenly. How if Grayscale doesn't sell their BTC, instead buying more BTC? It may be a tactic to make BTC price dropping now.

[Rajamuda]

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

it is still very difficult to make the price of bitcoin go back up because at this time there is more and more bad news circulating and making traders and investors reluctant to enter bitcoin again, bitcoin must need good news to be able to make the price recover, hopefully in the near future the bitcoin price will not collapsed again and began to show signs of revival.

Basically it's really too affected, it's different if it's not affected by the news and issues. Now that looks like it continues to weaken them in holding trust in bitcoin. Well after all this is a natural occurrence that often happens when one thing is at its peak of popularity. Definitely recovering, just needs some more time

[Kiley33]

That’s partly because of FUD, but because FUD doesn’t know anything about bitcoin, people will tell other friends what they know about bitcoin, which leads many people to distrust bitcoin because of the market turmoil, many people get scared and sell their bitcoins,

[pealr12]

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

The news about Greyscale unlock but to me the price of btc wasn't that affected compare to how people make it sound, honestly I don't know why some people always anticipate a fall in price over any little negative news, it will seem as though many don't have the ability to hold or have no trust in btc future which should not be the case, crypto community should be stronger than this, if btc is better than fiat ^{as some people always say} then why people rush to sell their btc to fiat instead of holding firm on to their coins.

[Ausgewielt]

I don't know but before this declining price of bitcoin, actually I think bitcoin price was little bit overvalued. My prediction is the lowest level of bitcoin price at this bearish market is around 25k. Honestly I am not shocked at this time. I think the last bullish market is also little bit too high maybe it is because Elon Musk effect. But don't worry mate, if the price go down it is mean that we have good opportunity to buy bitcoin. I believe that bitcoin will be used by more people in the future.

[Argoo]

The market dropped sharply in price two months ago. Then there were reasons for this. After such a long, and most importantly, high price growth, as well as a fall of 50 percent or more, the market cannot recover so quickly. In addition, now is the time for summer vacations, and at this time, traditionally, business activity in all markets is dropping. Therefore, prices are almost now already standing still, sometimes rising a little, then decreasing. We need to wait for autumn, then the market should activate again.

[EvieLannister]

I think there will be, because China bans cryptocurrency, major media will publish reports, and the policies issued by China will have an impact on other countries and cause the price of Bitcoin to fall. Because a series of banned news caused everyone's panic, everyone sold their tokens one after another.

[Kimonoe]

The market dropped sharply in price two months ago. Then there were reasons for this. After such a long, and most importantly, high price growth, as well as a fall of 50 percent or more, the market cannot recover so quickly. In addition, now is the time for summer vacations, and at this time, traditionally, business activity in all markets is dropping. Therefore, prices are almost now already standing still, sometimes rising a little, then decreasing. We need to wait for autumn, then the market should activate again.

the current market situation is in a sideways state, and there has been no major movement yet. On the other hand, technically, if this area has not been penetrated, it is possible that the market will continue sideways until it forms a cone, and eventually the market will break, and the big movement will begin again. In addition to the current summer, I think the pandemic conditions have made business activity decline

[TangentC]

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

Bitcoin Price Collapses always happen on a Day that ends with Y.
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday

Now you know.  

$10K btc is coming.

[crwth]

I think it's part of humans' reaction towards anything. Imagine that cryptocurrencies are being used so much during the early stages of the pandemic. It just accelerated the growth of cryptocurrencies adoption, and now that we had reached a new ATH. It just keeps growing, and there would be lying low of the buying pressure and some investors taking profits. I think it's just a usual thing being humans. Lol.

[Caldear]

The Chinese government has introduced policies to suppress Bitcoin and prohibit the use of Bitcoin. This series of negative effects have generated market sentiment and caused panic among some people.
It may also be the normal fluctuation of the crypto market, and the price should rise after the callback.

[Robinson66]

Part of the reason for the market's decline is that some negative news from the media caused people to panic, leading to the sale of their tokens, and the decline is normal, because every investment has its ups and downs, like cryptocurrency Such volatility will definitely fall, so be patient and don't sell your tokens at will.

[Btcvilla]

maybe this is.also caused.by the influence of the market which causes.a price to fluctuate.because bitcoin also greatly.affects the market price and in.addition to the rich people who buy bitcoins.in large quantities.then it.is very influential.on the value of the currency crypto on the world stock.market, we only hope that things.can recover.as soon as they used to

[Lucius]

$10K btc is coming.

You haven't moved far away from the usual BitcoinTrash shiller all these years, and that definitely puts you in the category of failed forum shillers who unsuccessfully try to spread FUD.

I believe in Bitcoin Cash and it is making me alot of money! 
I luv this coin.   

When Bitcoin Cash have bigger marketcap and higher hashrate, it become the 1 True Bitcoin.
Core segwit version be left to die.

Bitcoin is still there, much stronger than it was in 2017, SegWit is present in more than 50% of transactions - where is your shitcoin today? Just dream about $10k, it's the only place where your wish will come true.

[suzanne5223]

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

The dump or decline in the price of the market is not always caused by certain news or the China government did because we have a situation where the market will experience a dump in price without any news behind it since the market price is base on the level of demand and supply.
Having said that, I don't think you should focus on the cause dump in price when you can seize the opportunity to buy low because sooner or later market bloodbath will still happen.

[BIT-BENDER]

Market correction.
A massive campaign globally to attack Bitcoin and crypto market.

I think there is or maybe a correction in crypto-currency, but about you next line, what are this conspiracy against bitcoin/Crypto-currency and who is instigating, there are low times when the works is in agreement over a conspiracy, even in live and death of citizens, I don't think there is any global attack, I can be sure of a local attacks on Crypto-currency, my country Nigeria has also partook in the conspiracy against crypto-currency for their citizens, but with international Money system and bitcoin the conspiracy has just been formalities.

[Mr.sprin]

what I know is the decline in bitcoin because the government in China prohibits bitcoin and many bitcoin holders sell their assets because they are afraid the bitcoin price will go down, that's what I know is the cause of the bitcoin price going down for now,

[TheGreatPython]

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

The drop hasn’t been much, so I don’t know why to worry much about it. And there is nothing serious that I have seen as of recent that has, except some people talking about Greyscale. But anyways, the price won’t be going up all the time, it’s a usual thing with Bitcoin. And it also can’t be stable.

There are times that the market will go up in price and there are also times that it will go down in price, that’s just it. Big events don’t really need to happen for the market to go down or go up, although when those ones happen they can either push it to a very high or low. As for the recent, I don’t think there is anything, I feel it’s the normal.

[Xinarae*]

I prefer this decline because of the market correction. this is natural and happens, but the correction is likely to last for a short time and will continue until it is completely over and replaced by a bullrun

Yes the reason the prices of currencies are falling at this time is because the market is correcting and the bull run will come back again. Currency prices are showing signs of declining the market will rise and the right time to invest prices have started to fall for any bad news.