Why is the sudden Cryptocurrency price falling?

[doc]

The Cryptocurrency market is showing red candle Bitcoin dropped in price value from $64 to $57 and many more token are also doing rise and falling at the moment, Anybody get idea what is really happening to Cryptocurrency market that made so many altcoins dropped in value, meaning that crypto currency is not stable at the moment.

Crypto currency will always fall and pump.
That's normal, Current market is going down now, I see several friends become panic.
Keep calm and hold. Crypto is always good for long term investment.

[gurunanakji777]

At present whole crypto market is bleeding and it is still not stable. I did not hear any negative news or any FUD. If you guys have any news regarding the current huge dip please let me know as well so that I will also be updated. At present we have to wait for some time to get the market stable before buying any coins because it can fall more. It's quite risky to trade now I think we should wait for the next move to decide where the market will go.

[vitek146]

This is the reaction of the cryptocurrency market to a new wave of coronavirus, in particular, a new strain that is more dangerous and many countries are already blocking air communication with countries. Uncertainty and tension always have a negative effect on the market, besides, no one canceled the correction, which was supposed to happen sooner or later.

[Cadaver20]

In the crypto market there are occasional corrections. This is a normal process. Correction is still going on in the crypto market.  Hopefully soon we will see a green candle in the crypto market again.

[Hisbullah]

In the crypto market there are occasional corrections. This is a normal process. Correction is still going on in the crypto market.  Hopefully soon we will see a green candle in the crypto market again.

Well, correction will always happen at crypto currency world any time.
So, don't be panic selling, you will lose alot if you sell on correction time.. Everything will be Okay again.

[Shariar Porosh]

Chinese authorities banned all cryptocurrency transactions after shutting down Bitcoin mining in Sichuan province, resulting in a decline in the price of cryptocurrencies

[Noverteno]

Chinese authorities banned all cryptocurrency transactions after shutting down Bitcoin mining in Sichuan province, resulting in a decline in the price of cryptocurrencies

The Chinese government's ban on mining and cryptocurrency transactions has been around for a relatively long time, and then the fall in prices in this market was small. I have not found an apparent reason for the current fall. Due to the fact that almost immediately the prices began to recover, apparently, large batches of bitcoins or other cryptocurrency were put up for sale, which led to a sharp, but short-term drop in prices.

[Jaephoenix]

Its mainly FUD and correction taking its toll on the crypto world. I presume the bulls are on their way soon to roughen things up a bit. This phase shouldn't last long

[Zezari]

This is probably due to the fact that investors have started selling their tokens and now they probably don't really want to buy at this price. There is no need to worry about a small drop in the market, it's just a correction and the market is recovering.

[Review]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

It has dumped already mate and i think it will dump more due to whales selling pressure on bitcoin. Even whale are trying to convince retailer investor to sell out their holding at cheap so that they can collect their all the bitcoin and later pump the market. I think this is all about the whale activity in the market mate.
So we must be careful , when to buy and when to not buy.

[anshor1]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

It has dumped already mate and i think it will dump more due to whales selling pressure on bitcoin. Even whale are trying to convince retailer investor to sell out their holding at cheap so that they can collect their all the bitcoin and later pump the market. I think this is all about the whale activity in the market mate.
So we must be careful , when to buy and when to not buy.

Yeah, we must be careful.
We all know whales always have market strategy.
When to dump and when to pump their coins.
That's the fact, We as small investors  just follow them.

[Btclover]

The current fall in prices in the cryptocurrency market means that we will not see a bull market yet. We will again observe for a long time how prices again creep up, then roll back.

[MaMooN]

In the crypto market there are occasional corrections. This is a normal process. Correction is still going on in the crypto market.  Hopefully soon we will see a green candle in the crypto market again.

Well, correction will always happen at crypto currency world any time.
So, don't be panic selling, you will lose alot if you sell on correction time.. Everything will be Okay again.

what append not correction

correction come smooth and step by step


I think that is broke down  ,  and thing like this expected at crypto market


dont be panic

all  expected bitcoin price will be between 39000 & 53000

[Gvent]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

It has dumped already mate and i think it will dump more due to whales selling pressure on bitcoin. Even whale are trying to convince retailer investor to sell out their holding at cheap so that they can collect their all the bitcoin and later pump the market. I think this is all about the whale activity in the market mate.
So we must be careful , when to buy and when to not buy.

Yeah, we must be careful.
We all know whales always have market strategy.
When to dump and when to pump their coins.
That's the fact, We as small investors  just follow them.

Caution when investing should always be present in the cryptocurrency market. And even if you have a lot of money, it only increases your responsibility and the risks that you can incur. It is very important to calmly make decisions that will be effective for profit.

[bitbit97]

During 4 pages we did not manage to find the reason of price fall. 1004 pages wont also be enough. I think this is all due to whale games and will never find a true reason. This often is called as a conspiracy theory and I fully agree with it. Did you notice, that every time price drops significantly, El Salvador buys Bitcoin? Coincidence?