What is causing the current drop in crypto prices?

[Ujok]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

[TomPluz]

What is the cause of the crypto price dropping like this?

At this time, it is hard to pinpoint one good reason why it seems the cryptocurrency market lacks some energy or excitement even after the sell-off we saw with Mt.Gox and the Germany factor. I am not so sure but maybe the market is just taking some time to fully recover and is now gathering some strength for possible uphill battle ahead. We are still in the month of August which is generally known as the ghost month in the investment circle and I think in the crypto space this is coming true. Bitcoin is making some good rebound as net inflows in its ETFs are doing good but for Ethereum there is lack of much-needed push for more. Anyway, this is just a phase that we need to go through and eventually we can see the sun rise again. Just continue on hodling and never be dissuaded by FUDS.

[Charles-Tim]

I think we are just generally in a little bear market. I mean bitcoin. Because it is not little for many altcoins at all. But recently United States government transferred the silk road $560 million worth of bitcoin to Coinbase. This will add to the reasons behind the bear market. Some analysts speculated that it may likely not be sold but some people may just be negative about it and think the US government will soon sell it.

[Husires]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

The gainers-losers indicator shows a number of 6:32 cryptocurrencies and a decline rate of about 10% at its maximum, while 6% is the best performance.
https://coinmarketcap.com/gainers-losers/
These data do not indicate that the market is witnessing a correction, but rather one of the normal days of a bear market with low trading.

But recently United States government transferred the silk road $560 million worth of bitcoin to Coinbase.

With daily trading of $31 billion, this $560 million will lead to a decrease in the price of less than 10%, and panic may cause it to deepen to 15% or 20%. They have not sold yet, and if they sell, the price is still shocking with strong support levels.

[NotATether]

I swear to god these feds are still going to be transferring out Silk Road BTC 10 years from now. It's like nothing changes!

You know why? Because the price is going to keep getting higher and higher, which means that they would have to sell less and less bitcoins to the exchanges because they won't be able to afford all that Bitcoin. The traditional market can only handle assets of in quantities of billions or so. Bitcoin can literally break that model.

[MUGNIA]

What is the cause of the crypto price dropping like this?

I don't see there is a cause for the market to go down, it's just that the market is sluggish and everyone is focused on the US election, the possibility, so even if there is trading it is not as busy as usual,
Don't worry too much because everything will get better when the time comes

[summonerrk]

There is a reason for this. Did you notice that the drop started at the same time when they announced that MtGox gave away 70 percent to the cryptocurrencies it was owed?
In any case, there were those who set pending orders, and most likely those who had orders of about 50k bought. And of course, there were those who set the entire purchase in a ladder, for example up to 40k, and they also managed to buy on the first orders.

[Rubel007]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Ups and downs are very normal in cryptocurrencies. There does not seem to be any significant reason for the price drop at this point. This is a common image in the market. Since the market is in a bit of a downward trend, it is natural that the price of altcoins will fall. At present, the sell pressure in the market is believed to be high and the current BTC price is believed to reach 56K. After reaching this level, Bitcoin is likely to move towards 60k again. Altcoins are expected to be more bearish at this time.

[Zed0X]

all investors are panicking about the price of altcoins

No, not all. There are investors that are happily buying some cheaper coins. Part of that group are probably the same people that are setting up sell walls while taking advantage of the panic from weak hands.

[gunhell16]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

At this time, no one can determine what exactly was the reason for Bitcoin's price drop yesterday, and now he is recovering little by little, although we can see that something is preventing him from breaking the support of 60k.

But who knows, tomorrow it will exceed $61,000 to reach $65,000, as long as what is important right now is that we should just save until there is a chance.

[Fivestar4everMVP]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

If you post is about why Altcoins are dropping the way they are dropping, then I would say that it's really nothing to worry about since it's expected, bitcoin itself is dropping and we all know that Bitcoin has the highest dominance in the market, and this simply means that when ever bitcoin is not performing well in terms of price, Altcoins will likely experience the same fate.

So, the question shouldnt really be about Altcoin, but about bitcoin. What exactly is happening to or with Bitcoin? To answer this question, I personally will assume it's because of the development with Mt-Gox exchange paying back bitcoin to those who lost their bitcoin in the hack that happened in 2013 or so, this together with some other negative market sentiments might be the reason the markket has been under performing for a while now.

But all the same, it's still a buying opportunity for us all, and I urge those who have the funds to take advantage of this time to gather as much bitcoin and good Altcoins as possible, in preparation for the coming months which I believe will be bullish AF.

[0t3p0t]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

I think this is just normal and currently we are maybe on sideways so yeah we need more confirmations like breakouts for previous highs and lows so we can clearly see where it will be heading the next trend just prepare for some entry and exit so you won't end up being pinned. What was happening is I think just healthy pullbacks and retracements so nothing to worry about for now.

[Rruchi man]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Know that not all cryptocurrencies have the potential to recover after they drop. It is just a few that have these qualities that have created a reputation for them. If you're looking to invest in cryptocurrency, then you have to identify these reputable cryptocurrencies that have the potential to go up even after the drop so that you can invest comfortably without having to worry about the possibility that your investment in a cryptocurrency drops and never gets back up.

[Hyphen(-)]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

The price dump is surprising, it is getting out of hand because the rate at which the market is going up and down is scary and it will not be convenient for short term holders because they will hardly gain unless if they get a good strategy that can help them recover quickly. Altcoin dump is somehow because it gives no room to other newly lunched coins to grow, and almost all new investors are losing at this time, and some of these projects might not go up again.

[|MINER|]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Maybe this is the final correction of the market before entering the bull season ?

If you look behind the past history then you will also find that after the halving of bitcoin the market don't jump on the Bull season it take more than or 1 years to fully effect on the market. And here if we looks the previous charts then we will also find that bitcoin goes down to the dip down in the past bull season. So I want to say something like this happening now although nothing can be said with 100% guarantee in crypto world.