why most cryptocurrency price drop in recently???like bitcoin Fall to 7416.78 $.(https://img1.doubanio.com/view/status/m/public/2218ed6a32891db.webp)
Yes, it might be stable at $ 7k. last year I thought crypto had a bubble that made crypto prices expensive and not in line with crypto market estimates.
why most cryptocurrency price drop in recently???like bitcoin Fall to 7416.78 $.(https://img1.doubanio.com/view/status/m/public/2218ed6a32891db.webp)
I think It just market correction. I believ the market will green soon . Lets see.
cryptocurrency will go down if Bitcoin goes down.If bitcoin fall all coins in crypto will also fall, it is all because the bitcoin is normally used by investors to buy or maybe to purchase a different coin or maybe token on the crypto feild, that is why if the bitcoin fall all investors may also stop buying so then the direct effect of the decrease of the number of investors may drag the price down.
(sometime you will see an alt goes up,it's only happening when the market is stable)
and the main reason why Bitcoin fall into that extent due to people themself.
they're skeptical about ETF listing,they though it's just a rumour and it won't get approved by them.
(of course,Bitcoin went up due to this rumour too)