Why cryptos are crashing today

[troll]

Thought should share this opinion

FYI from Reddit:  - Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :

CMC removed Korean exchanges
Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
Random stuff happening
My opinion is that this should have been handled much better by CMC. At least put a banner saying "WE HAVE EXCLUDED KOREAN EXCHANGES BECAUSE OF THIS OR THAT AND IT WILL HAVE SUCH INFLUENCE ON CALCULATIONS". I just hope they do not put back and remove those exchanges at random point in time.

[Bounty_hunter]

because of lots of bad news and falling of bitcoin price ..and very soon it will recover

[cheneah]

First, South Korea continued the tradition by leading the charge against cryptocurrencies. To begin with, South Korea’s largest bank will no longer be supporting bank accounts linked with cryptocurrency exchanges.Secondly, the largest Korean exchange, Korbit, says it will no longer be entertaining foreigners on its platform. In other words, non-Koreans won’t be able to trade cryptocurrencies on the Korean exchange.

[Barmalei]

The market most likely so quickly won't be restored now. It will be slowly restored. Many leave cryptocurrency having lost hope. But it isn't necessary to do it, it is necessary to wait

[Speaker]

The market most likely so quickly won't be restored now. It will be slowly restored. Many leave cryptocurrency having lost hope. But it isn't necessary to do it, it is necessary to wait

It is necessary that the regulators have started to deal with the manipulation! A similar scenario of growth and fall is repeated many times.This cannot be attributed to healthy growth or fall.

[chapcha]

The market has fallen sharply for months. Until the end of August the market had not shown any changes. But early this September was the beginning of the rise of crypto currency. Look at the market cap and you will be excited about seeing all the coins start pumping. This is a very surprising thing.

[Speaker]

The market has fallen sharply for months. Until the end of August the market had not shown any changes. But early this September was the beginning of the rise of crypto currency. Look at the market cap and you will be excited about seeing all the coins start pumping. This is a very surprising thing.

If you didn't notice after the fall there were several attempts to recover, but someone very much didn't want it. Take even yesterday's fall and then a sharp increase-I'm sure it's manipulation.

[Dinaflorean]

that certainly does not know why crypto fell there is a possibility of the influence of the global crisis experienced by some countries so that the number of requests is little input

[diygirl]

Crypto dropped due to issues of issue and massive sales. The time of the decline was indeed long enough so that many people were skeptical about the future of crypto. And now the bull run is starting, because all the coins have appeared green.

[Speaker]

Crypto dropped due to issues of issue and massive sales. The time of the decline was indeed long enough so that many people were skeptical about the future of crypto. And now the bull run is starting, because all the coins have appeared green.

That's just not visible reversal of the market.Now it is still a protracted lateral movement and unfortunately I do not see a clear growth. the market is very weak