What happened to the crypto market now?

[LittlePrinceCat]

It’s crashing now. Does anyone know what happened to the crypto market?

[BD Crypto]

In my opinion a little correction in crypto market is happening.And the panic sellers are selling their assets.
But according to technical analysis it will recover soon and market will be stable again.

My suggestion is that put stop loss in every trade now to be safe from big loss.

[wmaurik]

It’s crashing now. Does anyone know what happened to the crypto market?

Actually the cryptocurrency market isn't crashing, it's being corrected and this has happened a lot in the past too, so in general this isn't something new that could cause everyone to crash because I see at the moment there are still a lot of people making some purchases on good coins at low prices, meaning the market is not breaking down because of the correction.

[velosepur]

This is correction so not big surprise. It can be slowed and finished soon, in next days I think. But we will see. Some people will use this moment sure to buy more coins they belive in. I took more eth today, so hope for green period next two days. Just my opinion.

[devil2man]

I don't know what are the reasons or the news that caused this important correction in the value of the markets sin was recovering and i think it was there to start a bull phase, but never mind the up and down are part of the rules of the game, of course eth and bitcoin have undergone major downturns it will take a while before they recover

[mr500]

The sudden rise or fall of Bitcoin prices is not a big deal. This is the type of trading steam. However, there is no news behind the sudden decline, which is the center of the price of these fluctuations. But for the last two days, it seems to me that the South Korean exchanges have been instructed to meet some of the new requirements within 24 Sept. I think this is the main reason for the crash in recent times.

[Anonylz]

It’s crashing now. Does anyone know what happened to the crypto market?

Most crash don't usually have a specific reason for it so don't expect this particular crash to have one either, some people will always try to attach a reason to it but so far I haven't heard anything that could cause this sudden drop, you can also take advantage now that the market is cheaper than previous price.

[realwhitewhidow]

Most crash don't usually have a specific reason for it so don't expect this particular crash to have one either, some people will always try to attach a reason to it but so far I haven't heard anything that could cause this sudden drop, you can also take advantage now that the market is cheaper than previous price.

dont they sort of , by definition, always have SOME specific cause tho ...    why else would things suddenly deviate from the norm (as in, slower movements) ?
(sorry im pretty new at this)

[cabron]

The sudden rise or fall of Bitcoin prices is not a big deal. This is the type of trading steam. However, there is no news behind the sudden decline, which is the center of the price of these fluctuations. But for the last two days, it seems to me that the South Korean exchanges have been instructed to meet some of the new requirements within 24 Sept. I think this is the main reason for the crash in recent times.

This is probably the cause of it all that crypto market plunged down this low, this regulation is a crackdown of users with the threat to tax. And then theres also China triggered financial markets to crash due to Evergrande real estate company.

Big companies in thr brink of collapse normally affects the market making investors sell. Even the bonds market are sold rapidly so its not just crypto market is dropping.

[sunsilk]

The correction has to happen at any moment when it has been stable most of the time within the past days.

So whatever was the caused of it then you should have that plan of buying more so that you'll taking the advantage when the dips have come.

And then theres also China triggered financial markets to crash due to Evergrande real estate company.

Billions were lost due to this and yeah, there's a likely that this have became a contributor to the current crash.

[rosenbauer02]

Are you worried about the decrease in value?. I think you should have take advantage of it to buy more crypto you have and gain profit when the price go up again. Whales will be very happy if many people are panic selling.

[AmoreJaz]

It’s crashing now. Does anyone know what happened to the crypto market?

Lots of going on and in China, the biggest company is a about to collapse and many are panicking, even stocks are down and the so called safe haven is down as well so I believe there’s a huge panic and this might be a huge correction again so be ready. Buy more now if you can still buy, this is a good opportunity to start all over again, the price can still recover.

also, if we will see a thread/discussion every time the btc is going down, guess what? we will have so many of them, and actually we already have a lot in this forum alone. so yeah, this is just another correction in the market. how many times have we seen this? countless times. so by now, we should not be surprised about this market movement. for some, it is good opportunity to accumulate but for many others, they are panicking and confuse on what to do with their portfolio. either way, you should always be prepared for this scenario.

[Coyster]

It’s crashing now. Does anyone know what happened to the crypto market?

It's prolly safe to say you're somewhat new to the network and maybe you have not experienced a bear market or a period of correction, this is the period most newcomers tend to panic and sell off their stash, but there is actually nothing unusual or strange about the network atm, it is just a period were the market plunges and it happens every now and then in the crypto market.

Having said that, if you're hodling a good coin like Bitcoin, then you should hold your funds for this correction period as it will definitely appreciate back up again, but if the coins in your wallets are pump and dump altcoins that are more or less short term projects, then you can take your returns cause most times when some shitcoins dump, that can be the end of project.

[travwill]

Are you a newbie? Falls like this happen all the time.
I'm surprised how quickly people get used to good things, it's just a year of a bull race and everyone has already forgotten how for 3 years we could not get out of a long winter.
We were all waiting for a correction, and now it came.

[senyorito123]

It’s crashing now. Does anyone know what happened to the crypto market?

Many people have been saddened with latest trend which seems to be crashing, but everybody got a positive perspectives and choose not to rant because they all have the mindset about corrections. However, it's really our own fate whether we will accept the fact or not. Bearish market got a strong resistance ever since we recover back and got $50k all over again, then suddenly this fluctuations caused more crashing trend.
Nobody could predict precisely after this crash, and it's hard to project when this current scenario will subside to recovery and hopefully we will be going to target $60k back on track.

[kurniawan05]

If there is no bad news,  i hope this is just an ordinary correction, this condition is similar to the conditions in 2017 which ended with a bull run at the end of 2017 and early 2018. Moreover, in December 2021 there will be good news about the increase in the ETH network.

[makishart]

The crypto market was reacting the bad impact from the various bad news

1. Evergrande's bad impact to the crypto and stock market
2. The NFT hype seems to be over very soon
3. The news about all of cryptocurrencies will be regulated https://thedefiant.io/gensler-sec-regulate-all-crypto/

I guess all of these events were adding very bad impact to the fear of market parameters. that's why crypto especially bitcoin was quite difficult to recover from the dump.
Bitcoin is almost touching 40k rate again and if it goes down below that and another dump may come soon.

[sheenshane]

It’s crashing now. Does anyone know what happened to the crypto market?

Don't panic and puke, just a simple correction that will surely recover soon right after this bad news that has happened.  If you will sell under the price where you purchase, man, that's your loss, not ours.

Probably the price was affected by the recent news that comes from China, I read this news on the Telegram channel about China was ordered to shut down all crypto mining activity that was found on Sichuan province, and also it make worst when their government tell to the bank that to stop supporting cryptocurrency transactions, but this isn't new, they always doing this but at the end Bitcoin or the entire crypto will always recover by this correction of the price.

[ene1980]

It’s crashing now. Does anyone know what happened to the crypto market?

The trending news is that the market is going through correction because of the reports coming out of China, i am not sure whether it is true or not but we know for a fact that the market had a huge correction and majority of the blame is put on China as per some of the articles i have read and the next theory is that people are opting to invest in much safer asset than a highly volatile asset like Bitcoin.

[Yamifoud]

It’s crashing now. Does anyone know what happened to the crypto market?

You are new to the market? Maybe it is a need for you to be aware of the situation where the market is volatile and you can expect and experience this all the time.
I'm uncertain as to what the reason causes of this dump as usually whales did this but to hear no info of such transactions that is why I could say this was just a normal market correction and we need not make a deal with this but to keep calm and easy. To have fun with the other stuff outside crypto will really give us ease.