what happened to the market today?

[WalkerIVIV]

these fuds was massive, every coin having corrections just because of lawsuit against binance.
it's really unfortunate though, but then again it's necessary to keep big platform like binance in check, so there will be no collapse again.

[Lantind]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's normal for cryptocurrencies where the price will fluctuate constantly, and in this situation it actually demands you to continue to be patient and hold it, don't panic in this case and it's better to take the positive side to check the DCA of the market, and we see that things will happen well on Bitcoin, we believe in this stuff.

[Teraboy]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's normal for cryptocurrencies where the price will fluctuate constantly, and in this situation it actually demands you to continue to be patient and hold it, don't panic in this case and it's better to take the positive side to check the DCA of the market, and we see that things will happen well on Bitcoin, we believe in this stuff.

should also look carefully at the aftermath of the lawsuit, whether binance will be unspared is still a big question, I think right now accumulating is risky thing to do, since the price could literally fall down even more and the accumulation will become nothing but useless thing unless we are patience enough waiting for another years.

[JeffBrad12]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's normal for cryptocurrencies where the price will fluctuate constantly, and in this situation it actually demands you to continue to be patient and hold it, don't panic in this case and it's better to take the positive side to check the DCA of the market, and we see that things will happen well on Bitcoin, we believe in this stuff.

it's not normal if the trigger of the market downtrend is some exchange that was supposed to be biggest among the other getting lawsuit that could have the potential of bringing them down.
it will have massive after effect which most certainly gonna devastate the whole market if things went south.
even though if binance comes out unscathed it will just prove more that this exchange is just that good but thena gain that is a massive ifs.
i will be on look out at the current circumstance of the market otherwise not making accumulation or DCA at current time, but then again everyone could have their own preferences.

[GreatArkansas]

I believe that government will continue to shake the cryptocurrency market, they know that people will react, even if they spread random FUDS.

They target exchanges, huge exchanges where they believe that they can take it down. People must not react to this, because this is an opportunity for people to withdraw their Bitcoins off the exchanges and store it in their personal wallets is safer.
They should not panic selling.

[SyndicateLabs]

I believe that government will continue to shake the cryptocurrency market, they know that people will react, even if they spread random FUDS.

They target exchanges, huge exchanges where they believe that they can take it down. People must not react to this, because this is an opportunity for people to withdraw their Bitcoins off the exchanges and store it in their personal wallets is safer.
They should not panic selling.

I can understand that the problem of government intervention in the cryptocurrency market has happened in many countries around the world. However, this should not cause users to panic and sell out immediately.

Instead, users should evaluate information and news released in the market carefully, avoiding falling into a state of FUDs. and learn about the exchange they are trading with to make the right decision. A good way to protect your assets is to use a personal wallet and keep your tokens in the wallet, instead of leaving them on exchanges. In the event of an exchange being tampered with or going bankrupt, users will not lose their assets if they are safely stored in personal wallets. In short, crypto users need to actively learn, evaluate and choose how to protect their assets safely and effectively.

[waONE]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

It's normal for cryptocurrencies where the price will fluctuate constantly, and in this situation it actually demands you to continue to be patient and hold it, don't panic in this case and it's better to take the positive side to check the DCA of the market, and we see that things will happen well on Bitcoin, we believe in this stuff.

should also look carefully at the aftermath of the lawsuit, whether binance will be unspared is still a big question, I think right now accumulating is risky thing to do, since the price could literally fall down even more and the accumulation will become nothing but useless thing unless we are patience enough waiting for another years.

For now, it's better to wait and see, because there could be another bad news and make Bitcoin and altcoin dump again,
and of course don't be too hasty to buy an altcoin with 100% capital because it is very risky now,
if the market conditions are stable then do the accumulation in the altcoin of your choice, remember to use your capital 10% or 20% in every support.

[ZAINmalik75]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

Don't need to be surprised as due to volatile nature Bitcoin flactuat each and every hour as whales can make some decent amount of profit, but in my mind such kind of unexpected big dump come from FUD which were actually SEC charges on Binance and their CEO CZ. Such kind of bad news effect market which were seen as all red and due to fear some small trader book stable coin and lose Bitcoins..
By following DCA you will always be in good as you will get opportunity at every shocking dump to accumulate some Bitcoin with cheap prices

[mdzahed134]

It's effect of SEC sues Binance exchange and also coinbase if i'm not wrong. So that, market is shows red light. People’s withdrawing their assets as like BTC & others coins from the exchanges to their personal WALLET to safety purposes. And i think panic seller will make sell bit in USDT to reduce their losses.

[jaberwock]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

What happened today is part of a bear market even though this is not bad news for Bitcoin but for Binance,
the bear market really has an impact on Bitcoin and dumps occur in Bitcoin and Altcoins, it's terrible isn't it?,
if we don't put a stop loss on our trading of course we will experience a big lose.

Maybe we are still in the bear run because it's kind early to say that we are now in the bull run when we haven't fully recovered yet from the previous All-Time-High. Bears or Bulls, a drop in the price is expected so indeed, this was not a bad news. A true bad news is what happened with Binance lately but we shouldn't worry too much.

I know Binance won't let their company get shut down just like that. A bear market is when the market dumps hard. This bear market we experience lately is terrible because it lasted for a very long time. For traders, stop loss is a common thing but there are still other ways for them to experience a major loss.

[newdevices]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

Don't be surprised because the crypto currency market is still in a bearish season,
any bad news that comes out will have an impact on Bitcoin, it can even cause a deep dump,
yesterday Bitcoin was dumped because of bad news and I think that's just the beginning,

[kawetsriyanto]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

Bitcoin failed to pass $28k, so it drops again to $25k. I think it is still understandable, we are in the sideways phase and the price needs some corrections before it skyrockets again. As long as Bitcoin price doesn't drop below $20k, I think we shouldn't be so worried about the current market condition. Many altcoins dropped their prices because they followed Bitcoin trend. It is still in Q2, I think it is normal if Bitcoin rises slowly. It may increase faster when we are in Q3 or Q4 of this year.

The SEC also alleged that a number of other tokens, including the native coins for the Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI) and Algorand blockchains (ALGO), Filecoin network (FIL), Cosmos hub (ATOM), and Decentraland (MANA) are securities.

What's wrong with these altcoins? Are there serious problems with them as well?
The way of SEC accuses more top coins seems a bit strange. Do they cooperate with the whales to spread FUDs? So the whales to get more chances to collect more coins at cheaper prices. Or it is only fake news made by the media, so it is untrue that SEC accuses the tokens.

[goaldigger]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

So many fud and the price was not able to break the resistance and that’s why we saw the red market again. There’s a market pressure going on against the crypto and that government pressure will always have a negative impact in the market. Imagine, SEC is suing the top companies here in crypto, and that tells a lot. If you still have some cash buffer then better to buy some, or you can just wait for another dip before buying.

[WalkerIVIV]

It's effect of SEC sues Binance exchange and also coinbase if i'm not wrong. So that, market is shows red light. People’s withdrawing their assets as like BTC & others coins from the exchanges to their personal WALLET to safety purposes. And i think panic seller will make sell bit in USDT to reduce their losses.

it was really impactful, i think things will get worse and worse overtime as things unfolds after all this lawsuit involves biggest exchange there is that people have trusted so much.
it will most certainly give long term effect if these exchanges are at wrong.

[bitkanu]

i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today?

So many fud and the price was not able to break the resistance and that’s why we saw the red market again. There’s a market pressure going on against the crypto and that government pressure will always have a negative impact in the market. Imagine, SEC is suing the top companies here in crypto, and that tells a lot. If you still have some cash buffer then better to buy some, or you can just wait for another dip before buying.

it's like catching falling knives though, there's still no follow up about that news that i think accumulating might be quite risky considering the price could be very well
further thanks as the news being released in the future, I guess we must judge the circumstance first.

[Iyeman]

FUD everywhere. Binance is the major party that was making the market feel panic today. i don't have words to describe it but everything will be going so badly these days. In my opinion that if this gonna be another bearish week.

Let's see a good news to come at the end of this week.

[Sebas.tian]

That is a sign that there is opportunity for those that missed it when the price of Bitcoin and crypto was low in the market, to use this period to purchase and hold for the bullish season to come before they can release them for sale. I think, traders will definitely smile soon with their holding because the green light is preparing to remain stable to turn the market price around for their favour so that many will prepare well when another opportunity come up again. It will be favourable, if you can increase your capital to invest in Bitcoin because the price has decreased to $26,353 which is a sign that the price is preparing to hit back $40,000 before the end of this year 2023.

[Silberman]

FUD everywhere. Binance is the major party that was making the market feel panic today. i don't have words to describe it but everything will be going so badly these days. In my opinion that if this gonna be another bearish week.

Let's see a good news to come at the end of this week.

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

[raidarksword]

As expected FUD was strong this week that's why people panic sold and of course that's the wrong thing to do but there are people who are weak for any fud news spreading this week. Despite all these FUDs, market will be able to recover no matter what. SEC is just greedy that's why CZ is ready to fight them on court and save crypto from these kinds of greedy people and institution. Never falter everyone, we are used to these types of FUDS, we will prevail no matter what! Stay HODL and stay strong!

[Lagduf]

The FUD was very intense and even if the market has recovered a little bit since then the binance coin is still down 15% during the last seven days, so it seems this is not only going to be a difficult week for the market but it would not surprise me if this was a tendency that would remain for the rest of the month, so I think the best thing we can do at the moment is to remain calm and watch the charts, and if at some point the price goes below the current support level then we need to think about buying as much bitcoin as we can.

SEC was rushing to release so many annoucements related to the crypto. It will be so hard for crypto to wake up again. Watching chart will be useless. Buying coins is also involving the more risk at this moment. It's very hard to think if market gonna recover again very soon.
The impact is going to the any crypto in the market.