Sunday Crypto Bloodbath Sees $11 Billion Wipeout Within Minutes

[comer]

This is very sad, the rally for the past weeks seems to be a trap for all of us. In just a matter of minutes $11B was wipe out in the market because of sudden drop of most coins in the market..
guys, what you thinking now? Is the market will recover or it will continue to drop till the end of the month? Let me hear your thoughts.

Source:
https://www.google.com/amp/s/www.ccn.com/bloodbath-crypto-market-11-billion-in-minutes/amp

[Zed0X]

It's not really surprising. It has been the trend since the last days of December. BTC has touched $4000 many times already and then went down There's a good chance that this kind of trend will continue throughout the year.

[gurunanakji777]

I am not surprised by drop as we all know this is a high volatile market even this market can rise $20 Billion in one day. This is the nature of this market and we should not be panicked soon we will see again upward movement. I believe market will shift its gear again by the end of this month.

[hidayatachad]

I think the whale is playing in this market, a few days ago crypto had climbed up, and now it dropped drastically, this was due to a dump of a number of investors who sold very large amounts of assets, and as a result the market suddenly dropped drastic.

[dentolas]

The crypto market is being clearly manipulated by whales that are making their money... the number of users and cap has decreased, thus helping these market makers to control... and the whole bunch of people trying to draw something on the charts are just helping them out and spreading the hype/fud they want...

[trauchot]

As we already know that it was a simple manipulation, at first the manipulators raised the price of the market for several days and then just in a few minutes brought out 11 billions, the usual manipulation, the governments would soon begin to regulate cryptocurrency.

[Jee]

I did not expected this drop, i open long position on ETH, BUT I hope btc will hold above 3600 level, that will let alts take breath and gain some profit up.

[backfirst77]

The behavior of traders who take profits when they have risen in price is common in investment. Because they already bought when the price was around $ 3500 and sold around $ 4100. Later, if the trend is strong, the price will rise again.

[Alcor]

In my opinion, the fall in the level of cryptocurrency capitalization by $ 11 billion, even in a short time, is common for her. In a few more days, it is able to increase its capitalization much more than such a fall. This is a common manifestation of volatility. Such a movement of the price of cryptocurrency does not mean that it will continue to fall in price. The likelihood of both raising its price and falling remains. For the time being, we need to observe a little bit of her further behavior.

[ZionRTZ]

We have already seen that in the last couple of months. Interesting though is that many people easily turns bullish everytime bitcoin reaches $4,000. It seems that many are still trading based on hope.

[vegasus]

I did not expected this drop, i open long position on ETH, BUT I hope btc will hold above 3600 level, that will let alts take breath and gain some profit up.

No one expects the drops, except the whales or people wants to take advantages from decline. I think it is a sudden dump from whales.
By the way, the price of BTC looks like very good. I guess it won't drop too deep. 

[Cryptoz]

~snip~
guys, what you thinking now? Is the market will recover or it will continue to drop till the end of the month? Let me hear your thoughts.

It is a usual decline after a good rising. We have already monitored this activities for months.
I think this decline won't be occurred for long time. I predict crypto prices will be back to increase again. Don't be so sad and afraid.. 

[trofim21]

At the moment I was really confused, and it is unclear how the market will behave in the future, because if you look at past statistics, it was almost impossible to predict growth, there was a lot of positive news, after which the coins had to take off in value but everything happens on the contrary, it is not clear.