Why is Bitcoin Crashing?

[Delgboke]

It was discovered that a Chinese police hunted down a core team member that  are responsible for the ponzi scheme crime that have scam an investors $3 billion in ponzi scheme
A $3B ponzi scheme responsible for the Bitcoin price recent crash, while cryptocurrency market experiences huge blood-bath. But when did P2SH came out to have raise such amount of money in Bitcoin, ETH and EOS cryptocurrency?
You can check the full story.
https://www.cryptoinformers.info/news/10350-walmart-files-patent-for-drone-communication-system-based-on-blockchain

[Bobcrypto]

I don't think that the ponsi scheme of $2b was responsible for the crashing of recent bitcoin prices, though some times speculation do affect the price. If you are observant in recent weeks, you might have seen that bitcoin has been bullish to some extent while all altcoins are experiencing bear run. This trend is completely a new pattern of things in the crypto market in my little experience.

[alltalk]

A $3B ponzi scheme responsible for the Bitcoin price recent crash,

I don't know what the correlation between the ponzi scheme and the decline of Bitcoin price is. It was only possible if the scammers got a large number of Bitcoins from the investors and sold directly the Bitcoins into the market. Then, the supply of the Bitcoins overflowed and triggered the drop in Bitcoin price.

[SrinivasanP]

Last November dips that took over the market for cryptos to take some time off to make a rebound, many are already deeming Bitcoin as dead. Bitcoin is now counting around 64 billion dollars, the top crypto had around 111 billion only several weeks ahead of the dip, marking major losses in the overall crypto market given the fact that BTC makes up for over 50% of the market.

[Alcor]

Bitcoin, in my opinion, is feeling fine now, which is why its level of capitalization is growing. This indicates that its numerous holders, on the contrary, expect its further growth. Such growth should occur in the fourth quarter of this year. However, the cryptocurrency market is very difficult to predict.

[Bobcrypto]

A $3B ponzi scheme responsible for the Bitcoin price recent crash,

I don't know what the correlation between the ponzi scheme and the decline of Bitcoin price is. It was only possible if the scammers got a large number of Bitcoins from the investors and sold directly the Bitcoins into the market. Then, the supply of the Bitcoins overflowed and triggered the drop in Bitcoin price.

Ponsi scheme is a fraud venture by some unscrupulous group of people are around the world. A huge sell out of bitcoin through ponsi scheme could result in dumped prices, and the results is over supply to the available demand made in a of period of time. I think this will surely correct itself within a short time.

[ayatoslaw]

you made the title why bitcoin crashes, and in the topic you've answered it, then do I have to answer it again
bitcoin is actually just a correction, indeed the correction this time made the price of bicoin fall deeper, because if we look at it, the BTC chart should have started rising on the BTC chart, but because it came out of the trend line then it finally fell very deep like now.
but don't panic, in big Time frame BTC still shows bullish, so just wait until it rises again.