What is causing the current drop in crypto prices?

[BitMaxz]

Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1

Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.

So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.

[Ujok]

Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1

Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.

So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.

I agree with what you said, we have to look at the history of bitcoin from the past until now and it is very impossible that the price of bitcoin will reach $1.. if bitcoin is priced at $1 then all coins will be worthless because all coins depend on bitcoin.

[doc]

Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1

Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.

So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.

I agree with what you said, we have to look at the history of bitcoin from the past until now and it is very impossible that the price of bitcoin will reach $1.. if bitcoin is priced at $1 then all coins will be worthless because all coins depend on bitcoin.

Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.

[BitMaxz]

Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.

Well, all people have different perspectives about Bitcoin many people say that Bitcoin is dying it always happens every cycle people complain about Bitcoin during a bear market but the fact is they don't believe in Bitcoin only those who think that BTC will drop $1 are FUDs because they want to buy at very cheap price sometimes FUDs is one of the reason why there's a panic selling then they are going to take opportunity to buy at the dip price.

So if you are the one who follow Bitcoin since before and knows the Bitcoin price action every cycle you should know when to buy and sell BTC.

[albon]

This year the world of cryptocurrency has collapsed. Because the cryptocurrency world has faced huge losses instead of profit. Moreover due to the internal problems of several countries, investors have decreased due to which there is constant dumping in the altcoins market. I think the cryptocurrency has entered a bear market at the moment but will eventually rise in price this year. This price is the best opportunity for your investment so don't delay and buy the best altcoins and bitcoin now and fill your bag.

[Fivestar4everMVP]

This year the world of cryptocurrency has collapsed. Because the cryptocurrency world has faced huge losses instead of profit. Moreover due to the internal problems of several countries, investors have decreased due to which there is constant dumping in the altcoins market. I think the cryptocurrency has entered a bear market at the moment but will eventually rise in price this year. This price is the best opportunity for your investment so don't delay and buy the best altcoins and bitcoin now and fill your bag.

The cryptocurrency market has not collapsed, glad you were able to correct yourself in the last part of your comment, what we are currently witnessing as regards to the current market condition is something that is or was simply expected, the general pull back of prices of crypto assets is something I would say is healthy for the long term price appreciation of the general crypto market as well.

This is nothing but a very good buying opportunity for those who understand how the market works, wise people invest when others are selling, and sell when other people are investing, this is the best time to invest in really good and promising coins, for the bull run is still ahead and not behind us.

[Ujok]

Code: [Select]

Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.

Well, all people have different perspectives about Bitcoin many people say that Bitcoin is dying it always happens every cycle people complain about Bitcoin during a bear market but the fact is they don't believe in Bitcoin only those who think that BTC will drop $1 are FUDs because they want to buy at very cheap price sometimes FUDs is one of the reason why there's a panic selling then they are going to take opportunity to buy at the dip price.

So if you are the one who follow Bitcoin since before and knows the Bitcoin price action every cycle you should know when to buy and sell BTC.

before we invest we should do research first and have a lot of knowledge about it so we know how good this project is.. everyone will look for opportunities to buy coins at a cheap price but for bitcoin it might be difficult to buy it at a cheap price and maybe the lowest price of bitcoin will drop around $1000-2000 for now but bitcoin has experienced a very drastic decline like last month.. so we don't need to think bitcoin will drop to $1 because that is very unlikely for me.

[Vision pro]

As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall.  If you are interested in more information, you can check the coin market's one-year record.

[albon]

As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall.  If you are interested in more information, you can check the coin market's one-year record.

But whenever we look at the gains in the crypto world, the old coins regain their vitality. Any time you look at the top coins it will be a profitable investment. Whenever you want to buy risk free coins btc, eth will be first in your list of choice. So you should understand that top coins are more important to get the best investment and profit. I welcome your kind of research but sometimes fake information is available so keep an eye on a few sites together.

[Dr.Bitcoin_Strange]

Cryptocurrency is a very good investment and has made a lot of people rich, cryptocurrency has also made sure that businesses are functioning very well and that people far and wide are making money transactions very easy and fast with low rate, and it has helped people to build trust in each other by exchange of coin and buying and selling of coins too, a friend of mine is now doing business with someone who is in a far away country they got to know each other through crypto business and that was how they build trust in each other and started doing business.

Some government has accepted the use of cryptocurrency in there countries and is going well for them they have set up rules and regulations controlling investors and it is helping to build there economy, while some government has refused to accept the use of cryptocurrency in there countries, there's a country that has already made it illegal and will be arrested and prostitute when caught using crypto.
Majority of the nations in the world has rejected the use of cryptocurrency and the act of rejection and making it illegal in there countries is one major factor that is bringing down cryptocurrency, the more accepted cryptocurrency is in countries the more valuable it will be.
Some nation's believe cryptocurrency is reducing there economy and also encouraging cybercrime and that is why they have made it illegal but if they could accept cryptocurrency and make some rules and regulations then nothing of such will happen.

[Ujok]

As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall.  If you are interested in more information, you can check the coin market's one-year record.

It is true that not everyone is accurate in predicting price declines in the market, but in trading we can take the history of the past year, so we can see it, and even though someone's prediction is not accurate, if their prediction is 70% or more, it doesn't matter, this will result in a profit, even if it is not large.

[Gurujebs]

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 want you to understand there is what is called dominance in the crypto market and it revolves around Bitcoin and Altcoins most of the time. There will be a time in the crypto market when Bitcoin will be the only one moving and gaining values, altcoins may follow in general but the it growth wouldn't match up with Bitcoin, just Bitcoin for that moment.

However, there is also a time when altcoins grow and Bitcoin will reduce. That's when you see altcoins growing rapidly and specifically. I think that's what you are seeing. If the market drop in general, they drop together in most cases and that's not what we are seeing right now.

[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?

I want you to understand there is what is called dominance in the crypto market and it revolves around Bitcoin and Altcoins most of the time. There will be a time in the crypto market when Bitcoin will be the only one moving and gaining values, altcoins may follow in general but the it growth wouldn't match up with Bitcoin, just Bitcoin for that moment.

However, there is also a time when altcoins grow and Bitcoin will reduce. That's when you see altcoins growing rapidly and specifically. I think that's what you are seeing. If the market drop in general, they drop together in most cases and that's not what we are seeing right now.

Well, since you talked about dominance, let me let you know that currently, bitcoin has the highest dominance in the crypto market, and this makes it kind of have a good control in the market, where by any time the price of bitcoin is dropping, it is likely that the entire Altcoin market will follow suit and drop as well, but anytime the price of bitcoin is rising, and it's dominance is rising as well, the Altcoin market usually is stable or are losing value, and this is because bitcoin's dominance rising simply means that money is shifting from Altcoins to bitcoin, so Altcoins lose value, while the value of bitcoin rises.

But when bitcoin is rising and it's dominance is stable of reducing, the altcoin market also is rising because, money is circulating into bitcoin and Altcoins together, this is usually what happens when there is a major bull run on going.

[Azharul]

Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t  great problem for crypto market.

[akeemqaz]

There are several news articles on Twitter. I primarily check CoinMarketCap for news and believe the recent price drop is mainly attributed to ETF outflows. That seems to be the primary reason for now.